Onramp Secures Custody Insurance from Lloyd’s of London

Editor's note (Oct 2026): Insurance statements in this post are out of date. Onramp maintains custody insurance through Canopius, a Lloyd's of London syndicate: up to $50M in aggregate coverage across our custody operations. Onramp pays the premium. Eligible clients can elect dedicated cover in their own name. Terms and exclusions apply.

Elevating Multi-Institution Custody with Tailored Insurance

“Onramp Bitcoin Secures $100 Million Insurance Facility from Lloyd’s of London Through Partnership with Native”

Multi-institution custody (MIC) has emerged as a leading approach for safeguarding bitcoin: multiple regulated entities protect it, and none of them can unilaterally control assets. While this framework already offers strong defenses—as the best form of ‘insurance’ is the manner in which private keys are managed—Onramp strives to make its solutions fully resilient against any potential vulnerabilities, including those stemming from human or internal factors.

Schedule a consultation with Onramp to learn more!

Strengthening Trust Through Dedicated Coverage

To reinforce this goal, Onramp has secured custody insurance from Lloyd’s of London (Canopius, a syndicate at Lloyd’s), facilitated by its partnership with Native. Eligible clients can elect dedicated cover in their own name. Terms and exclusions apply.

By proactively addressing human-oriented threat vectors—such as collusion —Onramp fortifies an already robust security architecture, underscoring its commitment to delivering both reliability and peace of mind for its clients.

Balancing Coverage and Cost

One of the central benefits of Onramp’s approach is its economic feasibility. Typically, expanded insurance coverage translates into elevated fees, making it prohibitive for individuals or small-scale entities.

• Starting from $150 per month (i.e., $1,800 annually), clients receive institutional-grade protection via MIC.
• Eligible clients can elect dedicated cover in their own name (through Native’s US broking partner, IMA insurance). Terms and exclusions apply.

These pricing advantages arise from the fundamental security of our system: the stronger the custody design, the more competitive and sustainable the insurance rates become. Onramp merges technical governance through bitcoin-native multisig with legal governance via each key holder’s fiduciary duties, enabling tailored permissions such as timelocks initiated by the client—without relying on proprietary or untested wallet infrastructure.

Recognizing that no single custodian’s balance sheet or insurance policy can fully absorb catastrophic losses, Onramp’s multi-institution custody (MIC) model alleviates investor hesitations by removing reliance on any single custodian.

Looking Ahead

By proactively addressing human-oriented threat vectors, Onramp has introduced a truly resilient custody environment—one where even the most remote threats are thoughtfully mitigated against and transferred. Our MIC framework not only meets the rigorous standards expected by today’s investors but also pioneers a new level of accountability and cost-efficiency in bitcoin protection.

Whether you’re an individual or institutional allocator, Onramp’s model delivers industry-leading security without burdening you with extra fees. Eligible clients can elect dedicated cover in their own name. Terms and exclusions apply.

Onramp invites you to learn more about its multi-institution custody approach and the new insurance facility by scheduling a consultation. There is much more on the horizon, as Onramp continues to innovate around MIC-driven solutions—ranging from bitcoin-denominated policies to mutual structures that reflect the evolving landscape.