Austin's Onramp Launches a Business Bitcoin Account Built Around Named Users and Two-Person Approvals

AUSTIN — Onramp, the Austin-based bitcoin financial services platform, on Tuesday launched Onramp Business, an account for companies that hold bitcoin on the balance sheet, the company announced. The account is free, carries a 0.85 percent trade fee with bitcoin held by a qualified custodian, and most companies are verified within a business day, according to the release. Each account includes up to three named users, role-based permissions, approval policies that put a second person on withdrawals, and a complete audit trail.

The pitch is governance. “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, Onramp's founder and CEO, in the release. “Onramp Business gives a company the same controls its bank account already has: named users, approvals on withdrawals, and a record of everything.” John Ruth, president of Build Collateral Agent, LLC — one of the businesses the company names as already using the platform, alongside Pacific Office Designs and Bitcoin News — said in the release that the multi-institution security model aligns with his firm's attempt to eliminate single points of failure. The company also cited a risk figure from its release: 52 physical attacks on bitcoin and crypto holders were reported in the first half of 2026, up 33 percent from a year earlier.

Two paid tiers launched alongside the free account. Onramp Treasury, starting at $375 per month, moves a company's bitcoin into a vault held in its own name under the company's Multi-Institution Custody model — protected, the company says, by three independent institutions drawn from a network of four (Onramp, BitGo, CoinCover and Tetra Trust), so no single institution can lose, move or use the funds — with up to five users, two vaults and a 0.65 percent trade fee. Onramp Enterprise, for funds, miners and large corporate treasuries, is available by consultation. Businesses that activate Treasury by Dec. 31, 2026 receive white-glove onboarding with no onboarding fee, the company said.

Onramp Business is available now, with applications through the company's website. For Austin's technology sector, the launch is another marker of the city's fintech bench: a hometown firm selling not the asset itself, but the controls around it.