Onramp Launches Business Bitcoin Accounts as Physical Attacks on Holders Rise
Onramp launched Onramp Business, a free corporate Bitcoin account with named users and two-person withdrawal approvals, alongside higher Treasury and Enterprise tiers. The launch comes as a midyear report recorded 52 physical attacks on crypto holders in the first half of 2026, up 33% year on year.
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What Onramp Launched
Onramp, an Austin-based firm, launched Onramp Business on Tuesday, a company account with up to three named users, role-based permissions, withdrawal approval policies and an audit trail. The base tier carries a 0.85% trade fee and holds bitcoin with a qualified custodian. Onramp Treasury and Onramp Enterprise launched alongside it.
The base account does not include the multi-institution custody model that the company is best known for. That arrangement is reserved for Onramp Treasury, which starts at $375 a month, or $3,600 a year, and cuts the trade fee to 0.65%. Treasury holds coins in a vault in the company's name, protected by a 2-of-3 quorum of Onramp, Tetra Trust and CoinCover. Onramp's product page labels custom approval rules as forthcoming, so buyers should not assume every Treasury feature is available on day one.
The Security Case Behind the Launch
The timing reflects a growing concern about physical threats. A midyear report counted 52 physical attacks on bitcoin and crypto holders 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's underlying point is that a single person who can move coins alone can be forced to do so under duress, which is the problem Onramp says its approval structures address.
Onramp's CEO, Michael Tanguma, framed the product around board-level questions: "Nobody had a good answer. Onramp Business gives a company the same controls its bank account already has: named users, approvals on withdrawals, and a record of everything." The company has also said it has offered multi-institution custody since 2023, raised $12.5 million in a Series A in May at a $135 million valuation, and holds more than $1 billion in bitcoin under that model with no security incidents since its founding. Those figures come from the company and have not been independently verified.
Distinguishing Access Controls From Key Control
Sources differ in emphasis on what the new account actually protects. The company's messaging presents the product as a complete answer to single points of failure. A separate analysis of the launch argues that team permissions and the underlying signing arrangement are distinct safeguards. Application-level approvals govern which staff can initiate or authorize a transfer, while the cryptographic control determines who can ultimately spend the coins. A company can have strong internal approval policy on top of a custodial structure where a single party still holds spending authority, so the two should be evaluated separately.
That distinction matters for the Treasury tier as well. The multi-institution vault is a key-control feature; the named-user and approval features are an access-control feature. Both can be valuable, but neither replaces a documented policy on who may approve transfers and what happens when a signer leaves or becomes unavailable.
Early Customers and Next Steps
Onramp said Pacific Office Designs and Build Collateral Agent are already using the service for company bitcoin. John Ruth, president of Build Collateral Agent, said the firm selects partners in part to avoid single points of failure and described Onramp's multi-institutional model as aligned with that approach. These are company-supplied customer statements and no independent confirmation of usage terms was provided.
The launch's practical significance is that it packages governance tools in a managed service, but suitability will depend on contract terms, key structure, fees and a company's own liquidity needs. Companies holding long-term positions may weigh the custody model differently from those that need to move funds quickly.
Why It Matters
For Traders
Corporate buyers adding custody and approval layers may slow large withdrawals, so short-term liquidity assumptions for institutional holders should account for added friction.
For Investors
Rising physical-attack losses are pushing institutions toward multi-party custody, a structural trend that could shape demand for qualified custodians over multi-month horizons.
For Builders
Multi-party signing and role-based approval are becoming baseline expectations for corporate crypto products, so wallet and custody integrations should support both access controls and key-level quorums.
This article is for information only and is not financial advice. Read the full disclaimer.
