Key facts
- Onramp Business is free, charges a 0.85% trade fee and supports up to three users with role-based permissions.
- The free account holds bitcoin in cold storage at a qualified custodian and is not Multi-Institution Custody.
- Onramp Treasury starts at $375 a month, or $3,600 a year, and cuts the trade fee to 0.65%.
- Treasury, which supports up to five users and two vaults, was among the higher tiers launched alongside the free account.
Onramp launched Onramp Business on Tuesday, a free company account carrying named users, role-based permissions and two-person withdrawal approvals. The Austin firm said the product targets companies that want bitcoin on the balance sheet but have held back because a single login, custodian or keyholder could move the coins.
The base account charges a 0.85% trade fee, holds bitcoin at a qualified custodian and is usually verified within a business day, according to the company. It supports up to three users across owner, admin and view-only roles and keeps an audit trail. Onramp Treasury and Onramp Enterprise launched alongside it.
"We spent years watching businesses decide they wanted bitcoin on the balance sheet, then stall the moment their board asked who holds the keys," said Michael Tanguma, founder and CEO of Onramp. He said the product gives companies "the same controls its bank account already has: named users, approvals on withdrawals, and a record of everything."
Onramp said bitcoin in the free account sits in cold storage at a qualified custodian but is not covered by its Multi-Institution Custody model. That model comes with Treasury, which starts at $375 a month, or $3,600 a year, cuts the trade fee to 0.65% and moves coins into a vault held in the company's name, protected by a 2-of-3 quorum of Onramp, Tetra Trust and CoinCover. Treasury supports up to five users and two vaults and includes migration help and continuity planning. A $500 onboarding fee is waived for companies activating Treasury by Dec. 31.
Enterprise, aimed at funds, miners and large corporate treasuries, is priced by consultation. Onramp said it has offered the custody model for individuals and institutions since 2023, with a network that also includes BitGo. The firm said it raised $12.5 million in a Series A in May at a $135 million valuation and holds more than $1 billion in bitcoin under the model. It launched Onramp Finance in April.