In a strategic move poised to further strengthen its position in the burgeoning digital asset market, Onramp, a leading bitcoin asset management platform, announced the key appointment of Mitch Kochman as Chief Revenue Officer (CRO). This significant addition to the Dallas-based firm’s leadership team comes at a pivotal time when interest in bitcoin and digital currencies is at an all-time high, largely fueled by technological advancements and a global shift towards decentralized finance.

Mitch Kochman, joining Onramp with a wealth of knowledge and extensive experience in the technology and cryptocurrency sectors, has been a prominent figure in driving growth and innovation. His previous tenure as Director of Platform Sales at BitGo is particularly noteworthy. At BitGo, he played a critical role in navigating companies through the complexities of digital currency transactions and custody solutions, especially in the wake of the tumultuous FTX and Prime Trust events. His efforts have been crucial in laying the groundwork for a new wave of bitcoin adoption, setting the stage for what promises to be an exciting chapter in Onramp’s journey.

The timing of Kochman’s appointment could not be more auspicious. The cryptocurrency landscape is on the cusp of another major milestone with the forthcoming bitcoin halving in 2024, an event that will see the reward for mining new blocks halved from 6.25 to 3.125 bitcoin. This periodic halving, inherent to bitcoin’s design, not only affects the rate at which new bitcoins are created but also plays a significant role in bitcoin’s value proposition as a scarce digital asset. As the halving draws near, it is expected that interest in bitcoin, both as an investment and a technological innovation, will continue to surge.

This growing interest in bitcoin has been underscored by the success of bitcoin Exchange-Traded Funds (ETFs) in the United States, which have collectively amassed over 1% of bitcoin’s current circulating supply. While the popularity of these ETFs highlights the significant demand for bitcoin investment products, Onramp believes its direct ownership model provides a superior alternative. Unlike ETFs, which do not afford investors the opportunity to take physical custody of their bitcoin or verify their holdings on the blockchain, Onramp’s platform allows investors to own bitcoin directly, mitigating the counterparty risks associated with exchanges and ETFs.

With Mitch Kochman at the helm of its sales efforts, Onramp is set to further bolster its suite of investment solutions, making the process of investing in bitcoin more transparent and accessible to a broader audience. From high-net-worth individuals and family offices to institutions, Onramp’s innovative platform, emphasizing reduced counterparty risk through multi-institution custody, is geared towards ushering in a new era of digital asset investment.

As the digital asset industry continues to evolve, the combination of Kochman’s forward-thinking leadership and Onramp’s commitment to providing robust asset management solutions places the company in an ideal position to capitalize on the growing interest in bitcoin and herald a new phase of secure, transparent, and efficient digital currency investment.