Onramp Business targets a policy gap
Onramp launched Onramp Business on Tuesday, a free company account for firms that want bitcoin on the balance sheet but do not want one login or one keyholder controlling it. The Austin company says the account includes named users, role-based permissions and two-person withdrawal approvals. It supports up to three users, with owner, admin and view-only roles, plus an audit trail. The base account charges a 0.85% trade fee and keeps bitcoin in cold storage at a qualified custodian. Most accounts are verified within a business day, the firm said.
That detail matters because Onramp Business is not the company’s Multi-Institution Custody product. The free tier still relies on a qualified custodian. The vault arrangement comes with Onramp Treasury, which starts at $375 a month or $3,600 a year and cuts the trade fee to 0.65%. Treasury supports up to five users and two vaults and includes migration help and continuity planning. A $500 onboarding fee is waived for companies that activate Treasury by Dec. 31.
Attacks put pressure on keyholder setup
The launch lands as physical attacks on bitcoin holders are climbing. A midyear report recorded 52 physical attacks in the first half of 2026, up 33% from a year earlier. Recorded exposure tied to those incidents rose to about $124 million from $10.5 million. The report notes a basic problem: a person who can move coins alone can be forced to do so under duress. Two-person approvals do not solve every risk, but they make a single forced login or a single employee less useful to an attacker. Perhaps that is the practical argument boards will understand.
Corporate demand meets a crowded field
Public companies have made bitcoin a balance-sheet asset at a scale that would have been unusual a few years ago. Strategy now holds 850,364 bitcoin after its latest weekly purchase. For smaller firms, the harder question is often operational. Who holds the keys? What happens when that person leaves? Can one compromised login move the whole position?
Onramp says Pacific Office Designs and Build Collateral Agent already use it for company bitcoin. The company has offered Multi-Institution Custody since 2023, raised $12.5 million in May at a $135 million valuation and says it holds more than $1 billion in bitcoin under the model with no security incidents since founding. Its Treasury vault uses a 2-of-3 quorum of Onramp, Tetra Trust and CoinCover, so no single institution can move the coins alone.
The test now is whether boards that liked bitcoin but rejected earlier custody options will accept two-person approvals and a three-institution vault as enough of an answer. Onramp Enterprise, for funds, miners and large treasuries, is priced by consultation.
