News · Bitcoin
A board's first bitcoin question is who holds the keys. Onramp answers with wire-style approvals
Corporate bitcoin custody: Onramp's free business account gives companies named users, role permissions and a second approver on every withdrawal.
Companies that hold bitcoin can now run it with the controls a corporate bank account has: named users, role permissions and a second approver on every withdrawal. Onramp, an Austin bitcoin financial services firm, launched the free Onramp Business account on November 10, 2026, aiming at the corporate bitcoin custody question boards ask first.
Key points
- Onramp Business is free to open, charges a 0.85% trade fee and keeps bitcoin with a qualified custodian, according to Onramp, which says most companies are verified within a business day.
- Each account has up to three named users with owner, admin or view-only roles, approval policies that require a second person to sign off on withdrawals, and an audit trail.
- Onramp Treasury, from $375 a month, moves a company's bitcoin into a vault in its own name under Onramp's Multi-Institution Custody, with up to five users, two vaults and a 0.65% trade fee.
- US accounting rules have required companies to measure crypto assets at fair value each reporting period, with changes in net income, for fiscal years beginning after December 15, 2024 (FASB ASU 2023-08).
Why does corporate bitcoin custody need its own controls?
Because a company's bitcoin now moves its reported earnings, so access to it is a financial-reporting control as well as a security one. Under Accounting Standards Update 2023-08, issued by the Financial Accounting Standards Board in December 2023, companies measure crypto assets at fair value on the balance sheet every reporting period and recognize the change in net income, presenting both separately from other intangible assets.
The standard applies to fiscal years beginning after December 15, 2024, with early adoption allowed, so a calendar-year company holding bitcoin reports every swing in its value from 2025 on (FASB).
Onramp says companies have usually relied on one keyholder, one exchange login or one custodian, and that many boards that liked the asset still declined because no one could tell them how it would be held and governed.
What does Onramp Business give a finance team?
A login for each person and a rule that no one moves bitcoin alone. According to Onramp, each user is set up as an owner, an admin or a view-only user, so a bookkeeper or a board member can see the account without being able to send anything. With approval policies switched on, a withdrawal waits for a second person's sign-off, as a wire transfer does, and that applies to the founder too.
Onramp says verification, adding users, funding and buying all happen inside the platform, and purchased bitcoin settles straight into custody.
We spent years watching businesses decide they wanted bitcoin on the balance sheet, then stall the moment their board asked who holds the keys.
— Michael Tanguma, Founder and CEO, Onramp
Onramp Business gives a company the same controls its bank account already has: named users, approvals on withdrawals, and a record of everything.
— Michael Tanguma, Founder and CEO, Onramp
How does Onramp Treasury handle larger holdings?
It moves the bitcoin into a vault registered to the company and spreads control across three institutions. Onramp says each vault under its Multi-Institution Custody is protected by three of four independent institutions (Onramp, BitGo, CoinCover and Tetra Trust), so that no single one can lose, move or use the coins, and nothing moves without the company's permission.
Treasury starts at $375 a month and includes help moving existing holdings plus continuity planning for leadership changes, the company says. Businesses that activate it by December 31, 2026 pay no onboarding fee. A third tier, Onramp Enterprise, offers funds, miners and large corporate treasuries custom vault setups, custom approval structures and a dedicated team, by consultation.
| Onramp Business | Onramp Treasury | |
|---|---|---|
| Price | Free to open | From $375 a month |
| Trade fee | 0.85% | 0.65% |
| Named users | Up to three | Up to five |
| Where the bitcoin is held | A qualified custodian | Up to two vaults in the company's name under Multi-Institution Custody |
| Extras | Roles, second-person withdrawal approvals, audit trail | Migration of existing holdings, continuity planning |
Figures as stated in Onramp's release. Onramp Enterprise is available by consultation.
Onramp names Pacific Office Designs, Bitcoin News and Build Collateral Agent, LLC among the companies already holding bitcoin with it.
As collateral agent for credit funds using bitcoin as collateral, Build Collateral Agent, LLC selects partners based on a number of risk mitigation considerations, including our attempt to eliminate single points of failure.
— John Ruth, President, Build Collateral Agent, LLC
What should a CFO take from it?
Our analysis: the controls Onramp describes are the segregation of duties finance teams already apply to cash, now offered for bitcoin. One person initiates, another approves, reviewers get read-only access, and every action leaves a record an auditor can follow, the same principles behind the payment controls finance leaders describe here and practical treasury controls against payment fraud.
With fair-value accounting carrying bitcoin's price moves into net income, the questions a CFO puts to any setup are the ones Onramp's tiers are built around: who can move the coins, who must approve, what record exists, and what happens when the person with access leaves.
Frequently asked questions
Can Onramp itself move bitcoin held in a Treasury vault?
No, according to Onramp's chief executive, Michael Tanguma, who says a vault protected by three independent institutions means no single party, Onramp included, can lose or move it.
Can a company bring bitcoin it already holds?
Yes. Onramp says Treasury includes migration support for existing holdings, so a company can move bitcoin it already owns into a vault in its own name.
Is there a launch offer for Onramp Treasury?
Yes. Onramp says companies that activate Treasury by December 31, 2026 get white-glove onboarding from its team and pay no onboarding fee, and can ask about lower custody fees tied to their trading volume.
How does a company apply?
At onrampbitcoin.com/business, where companies with larger holdings can also book a consultation for Treasury or Enterprise. Onramp says most applicants are verified within a business day.
Who is Onramp Enterprise for?
Funds, miners and large corporate treasuries, according to Onramp. The company says Enterprise clients get their own vault setups and approval structures plus a dedicated team, arranged by consultation.
Sources
- Onramp's announcement of Onramp Business: press release from Onramp via GlobeNewswire, 10 November 2026.
- Accounting Standards Update 2023-08, Accounting for and Disclosure of Crypto Assets: the Financial Accounting Standards Board's standard, December 2023.
- Onramp Business: the product's page on Onramp's website.
- About Onramp: the company's leadership page.