Onramp CEO Michael Tanguma highlights the importance for companies holding Bitcoin to scrutinize custody controls, including who controls assets, who approves transfers, and the ability to independently verify holdings. He criticizes relying solely on account balances or proof-of-reserves snapshots, which do not clarify transfer authorization. Tanguma advocates a multi-signature custody model where independent institutions hold separate keys, ensuring no single party can move Bitcoin alone. This approach enhances security and transparency, addressing concerns raised by a survey where 42% of CFOs cited control complexities in crypto investments as a major issue.
The Onramp CEO's call for corporate Bitcoin custody checks is presented here with Pluang's cryptocurrency market data as context. For readers following major cryptocurrencies, 43 of 50 priced assets rose and 6 fell today. Notable movers include BAL at Rp16.297 with an 11.14% increase, COMP at Rp464.573 with a 10.01% rise and a 68% buy order activity, and BAT at Rp3.218 down 9.71% with an 84% sell order activity. This data is as of Oct 21, 2026 20:33 WIB.
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