Onramp, a bitcoin asset management firm, has officially announced the launch of their new multisig custody platform. In an era where the way bitcoins are stored and managed becomes crucial, Onramp brings an innovative solution that promises to set a new standard in the industry.
To bridge this gap, Onramp has partnered with BitGo, Coincover and Kingdom Trust to offer a solution that aims to combine the best of both worlds. Their approach aims to cater to institutional allocators, financial intermediaries, and high net worth individuals by offering a trust-minimized custodial solution. By doing so, they aim to remove the traditional single points of failure that often come with trusting one entity with custody.
BitGo, Inc., is a leader in digital asset infrastructure, and the company brings a wealth of expertise to the table. Kingdom Trust holds the distinction of being the first Qualified Custodian to handle bitcoin, and Coincover is recognized as aprotection company. Onramp's Multi-Institution Custody solution leveraging multisig ensures that while the company is working with top-tier entities in bitcoin custody, the necessary trust for each institutional key-holder is minimized.
Source: Digital Coin News (digitalcoinnews.net)
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