{"id":4617,"date":"2023-04-14T17:28:27","date_gmt":"2023-04-14T17:28:27","guid":{"rendered":"http:\/\/ci02bcc492a00027fb"},"modified":"2023-04-14T17:28:27","modified_gmt":"2023-04-14T17:28:27","slug":"onramp-bitcoin-launches-first-multi-sig-spot-bitcoin-trust","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/onramp-bitcoin-launches-first-multi-sig-spot-bitcoin-trust","title":{"rendered":"Onramp Bitcoin Launches First Multi-Sig Spot Bitcoin Trust"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><a href=\"https:\/\/www.onrampbitcoin.com\/\" target=\"_blank\" rel=\"noopener\">Onramp Bitcoin<\/a> has launched the first-ever spot bitcoin trust product that employs multi-party custody. This product is tailored to high-net-worth individuals, corporations and institutions seeking to gain exposure to bitcoin, according to a <a href=\"https:\/\/www.accesswire.com\/749260\/Onramp-Bitcoin-Launches-the-Very-First-Spot-Bitcoin-Trust-Product-Leveraging-Multi-Party-Custody-With-a-Qualified-Custodian\" target=\"_blank\" rel=\"noopener\">press release<\/a>.&nbsp;<\/p>\n<p>The trust product will utilize three institutional-grade key holders, a qualified custodian named Kingdom Trust, and Bitcoin custody service firm <a href=\"https:\/\/unchained.com\/\" target=\"_blank\" rel=\"noopener\">Unchained Capital<\/a>, to ensure that the custody of client bitcoin has no single point of failure. <\/p>\n<p>Onramp is the first trust to leverage a multi-signature setup, requiring a quorum to move funds. The product is designed for those who want exposure to bitcoin without the tradeoffs of full third-party custody, but who are not yet ready to take on the responsibility of full self-custody.<\/p>\n<p>According to the press release, Onramp&#8217;s solution is also intended to address the limitations of existing Bitcoin fund vehicles, including single-point-of-failure custody, taxable events on withdrawal and lack of Bitcoin focus and education. <\/p>\n<p>The trust will have a \u201cBitcoin-only focus with a commitment to education and advisory services to help clients excel during periods of volatility,\u201d the press release describes.<\/p>\n<p>The product will also offer segregated accounts with the ability to take possession of the underlying bitcoin without incurring a taxable event.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The trust will utilize three separate key holders to offer the benefits of multisignature custody to institutional investors.<\/p>\n","protected":false},"author":2730,"featured_media":3125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[832,356,93,1395,751],"class_list":{"0":"post-4617","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-multi-signature","9":"tag-multisig","10":"tag-news","11":"tag-trust","12":"tag-unchained-capital"},"author_data":{"id":2730,"name":"BtcCasey","nicename":"casey","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/02\/jn_tjlo_400x400.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/economic-chart-analysis.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/4617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2730"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=4617"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/4617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/3125"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=4617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=4617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=4617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}