🇺🇸 Bitcoin financial services company Onramp has successfully raised $12.5 million USD in a Series A Capital round led by Early Riders, bringing the company's valuation to approximately $135 million USD. Onramp stated that the new Capital will be used to expand its institutional Bitcoin finance platform, including Bitcoin custody, brokerage, and cash management, and to foster partnerships with banks, investment advisory firms, and fintech companies. Onramp's "Multi-Institution Custody" model allows for the decentralization of asset control among multiple managed custody entities, rather than reliance on a single party. This is XEM as a way to meet safety and risk management standards at the level of large financial institutions.