Bitcoin Asset Management Platform Opens for Business with BitGo as Custodian

Bitcoin Asset Manager Onramp Introduces Multisig Platform and Partners with BitGo for Custodial Services

Bitcoin asset manager Onramp has launched its multisig platform, partnering with custodian BitGo.

Ladies and gentlemen, it’s time to fasten your seatbelts and prepare for the launch of Onramp’s asset management platform! Cue the applause and cheers from the digital asset investor community.

Based in the vibrant city of Austin, Texas, Onramp burst onto the scene with the introduction of a spot bitcoin (BTC) trust back in April. The target? High-net-worth investors. Now, they are taking it up a notch by opening their asset management platform to the world.

But wait, what’s the secret sauce that makes Onramp stand out from the crowd? Well, my friends, it’s all about the power of multisignature (multisig) security! They’re not just relying on one custodian to guard the private keys to the bitcoin being held. Oh no, they’ve gone for the triple threat approach. Coincover, Kingdom Trust, and BitGo have joined forces to ensure that no single point of failure can ruin the party. It’s like having three superheroes guarding your precious funds. Only two of the three keys are needed to move the funds in the vault, so you can sleep soundly knowing your investments are safe and sound.

But why go through all this trouble? Well, it’s simple. Onramp wants to offer institutional investors and high-net-worth individuals the peace of mind they deserve. With this approach, they’re eliminating those pesky single points of failure that often keep investors awake at night.

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And here’s the juiciest part: Onramp is riding the bitcoin-only wave that’s sweeping the market. They’ve tapped into the demand from clients who want to invest in the biggest cryptocurrency of them all, without getting tangled up in the rest of the digital asset market. It’s like ordering a gourmet burger without any of those confusing toppings that some people seem to enjoy. BitGo, always a trailblazer, recently joined forces with financial services firm Swan to create the first-ever bitcoin-only trust company in the U.S. Talk about being exclusive.

So, why is everyone flocking to bitcoin-only products and services? Well, according to Michael Tanguma, the co-founder and CEO of Onramp, it’s all about that flight to quality and safety. Bitcoin offers investors a level of regulatory clarity that other digital assets can only dream of. BTC has been classified as a commodity by both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Finally, the regulators agree on something! Tanguma believes that investors are starting to see bitcoin as the only cryptocurrency worth getting seriously involved with. Cue the lightbulbs flashing above our heads.

In a world full of uncertainty, it’s refreshing to see institutions like Onramp offering a safe haven for investors who want a piece of the bitcoin pie. So, my fellow digital asset enthusiasts, let’s buckle up and hop aboard the bitcoin express – because this train is headed straight to the future of finance!

Would you like a ticket for the bitcoin express? Share your thoughts in the comments below!

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