Onramp MENA Launches in Dubai, Revolutionizing Bitcoin Management

Sister company of Onramp, a firm that offers to manage your bitcoin assets, has aired the launch of the sister company in the MENA territory. Now Onramp, MENA, has launched with the backing of Early Riders, the first Bitcoin-denominated investment fund.

Thus, the firm based in DIFC (Dubai International Financial Centre) will be providing asset management services for Bitcoin. The firm's offering is built on its multi-institution custody model.

Ralph Gebran, the Managing Partner of Onramp MENA, said, "The launch of Onramp MENA not only sets a all regions and ient benchmark in Bitcoin asset management and custody within the region but heralds the dawn of a transformative era.". The result of our multi-institution custody model will be a game-changer in how this decade's best-performing asset, Bitcoin, is managed and secured. Partnering with Early Riders, who share a similar passion for capital allotment to sound, underlines our pledge to take the front seat in an investment environment that is not only impregnable but also very reliable and propels us beyond conventional frontiers into unchartered territories of invention and reliance.

"Brad Myers is head of strategic partnerships and operations at Onramp MENA.".

Onramp MENA has launched after a successful round of investment from Early Riders, an investment firm rooted on sound capital allocation thesis. Early Riders is an investment firm leading the transformation of capital allocation in a sound money era, through raising, deploying, and returning capital in Bitcoin.

The choice of expansion into MENA was part of a strategic move for the company, for in company words, there is harmony between the core principle of Bitcoin and the value of the Islamic financial system.

In simple words, the transparent nature and proof-of-work basis of Bitcoin adhere not only to the Islamic edict of not creating money from money but also to making every single transaction clear and just. It is also the indication of Islamic finance needing transparency and fairness.

Onramp MENA will introduce an innovative layer of security through their partnership with Coincover. Onramp MENA now integrates the Coincover Protected Co-Signing service into its platform. It is a service that enhances the security of Bitcoin transactions to a great extent and includes exclusive technology provided with a warranty backed up by an insurance contract with Lloyd's of London.

Coincover will provide an additional security layer for the multi-institutional custody model of Onramp MENA, allowing for an unmatched safeguarding and transparency level during the management of Bitcoin assets.

From the blog, the services are meant for the following, according to the advisor: High-Net-Worth Individuals, financial intermediaries, and institutional allocators, providing deep domain expertise, educational resources, continuous market insights, heritage and estate planning.

Through the last months, Onramp has managed to cement a good number of partnerships in the MENA region, and one of those is CoinMENA.