The Onramp team sits down for a full walkthrough of Onramp Finance, the unification layer tying the entire client experience together. Michael, Brian, Jackson, and Cam break down why custody had to be solved first, why the rest of the industry is sprinting toward speculation while Onramp builds for sound financial planning, and how dollars, bitcoin, and gold finally live in one account anchored by Multi-Institution Custody. Bram Kanstein joins to bring the international operator's view on what it actually takes to live and run a business on a Bitcoin standard.

🎙️ Hosted by Michael Tanguma, Brian Cubellis, Jackson Mikalic, Cam Stromme, and Bram Kanstein

⏱️ Chapters

00:00 - The why behind Onramp Finance

05:34 - Why custody had to come first

08:49 - Evolution of the custody landscape

15:21 - TradFi's late arrival to Bitcoin

18:17 - The SD-card moment that changed everything

23:29 - Three concentric circles of consolidation

26:10 - Live dashboard walkthrough

31:51 - What's coming next: DCA, mortgage, banking rails

35:11 - Inheritance, simplified

37:00 - Genesis Program + Q&A

🔑 Key topics

• Multi-Institution Custody as the foundation, not an afterthought
• Standing in opposition to the speculation economy
• Dollars, Bitcoin, and gold in one account
• Earn up to 5% on cash, 1.5% card cash-back, lowest-cost brokerage
• Bitcoin IRAs, Arch loan integration, Argo gold partnership
• Inheritance that's a phone call, not a treasure hunt
• Upcoming: mortgage product on MIC, bank deposit rails, instant clearing

🔗 Onramp Finance

Sign up: https://onrampbitcoin.com/finance

Genesis Program: 210 founding seats — 5% earn rate, 1.5% card cash-back, 21,000 sats deposited, one year of MIC included

The Last Trade: Josh Phair joins to break down the metal wars escalating between sovereigns, gold's run from $3,300 to $4,700 in nine months, why CLARITY's Senate markup tomorrow is a capital flight moment, Wyoming winning the state's first physical gold mandate over JP Morgan, and the Fair-Sinclair ratio pointing to $35,000 gold.

---

🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.

👉 Onramp Finance: https://onrampbitcoin.com/finance

👉 Sign up for Genesis: https://onrampbitcoin.com/finance#genesis

📩 Schedule a consultation: https://onrampbitcoin.com/consult

The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset… in the digital age, it's The Last Trade that investors will ever need to make.

🎙️ About This Episode

Josh Phair, founder of Scottsdale Mint and CEO of the Wyoming Reserve Opportunity Zone Fund, returns to break down what he calls the "controlled demolition" playing out across sovereign balance sheets. China just posted its largest monthly silver import in 20 years, Poland is moving to 37% gold-backed reserves, and the US's number one net export has quietly become gold flowing to China via Switzerland for rare earths. Banks are now doing mercantile trading on behalf of governments, choke-pointing metals out of Latin America in what Josh calls the metal wars. Plus the CLARITY Act's Senate markup and the banking lobby's 100+ amendments threatening capital flight, Wyoming Reserve beating JP Morgan for the state's first physical gold mandate, the Tether seizure as the programmable-money tell, and why the Fair-Sinclair ratio points to $35,000 gold in a multi-decade money printing scenario.

🧠 Chapters

00:00 — Welcoming Josh Phair

03:42 — Gold From $3,300 To $4,700 In Nine Months

07:30 — The Metal Wars & Sovereign Accumulation

13:09 — CLARITY, Capital Flight & The Banking Lobby

15:33 — The Setup For The Biggest Bull Run Yet

24:54 — Who Was On Air Force One To China

28:27 — The Under-Allocation No Advisor Sees

33:21 — Market Structure & Trust-Minimized Custody

40:39 — Wyoming As The Property Rights Jurisdiction

44:00 — The Phair-Sinclair Ratio & $35,000 Gold

51:46 — Distrust As The Real Debasement Trade Driver

54:30 — The Tether Seizure & Programmable Money

1:02:57 — Beating JP Morgan For The Wyoming Mandate

1:08:45 — States As The Next Sovereign Gold Buyers

1:11:59 — Last Takes & Where To Find Josh

💡 Subscribe & Stay Ahead

Get Onramp’s weekly Research & Analysis:

High-signal insights in bitcoin, macro, and custody.

📩 https://onrampbitcoin.com/research

Subscribe to Onramp Media for more:

🎧 The Last Trade | Final Settlement | Scarce Assets

Connect with Early Riders // Connect with Onramp

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.

This week Liam, Brian, and Michael cover Coinbase's recent earnings report, the degradation of their competitive moat, the American Banking Association's panic due to the Clarity act, the implications of Circle's new token, and the significant moves made by institutions like BNY Mellon and Kraken.

Chapters

00:00 - Coinbase's Earnings & Layoffs

02:59 - Market Position & Competition

06:11 - The Future of Coinbase & Leadership Challenges

09:03 - Circle's New Token & Coinbase Relationship

12:10 - The Clarity Act & Stablecoin Regulations

14:53 - The Role of Traditional Banks in Crypto

18:11 - Tokenized Securities & Market Innovations

33:17 - Tokenization & Financial Evolution

39:35 - Institutional Moves in Crypto Custody

42:50 - Kraken's Strategic Acquisition

47:54 - The Future of Crypto Funds

51:09 - Emerging Financial Products & AI Integration

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Keep up with Michael:

https://x.com/MTanguma

https://www.linkedin.com/in/mtanguma/

Keep up with Liam:

https://x.com/Lnelson_21

https://www.linkedin.com/in/liam-nelson1/

Keep up with Brian:

https://x.com/BackslashBTC

https://www.linkedin.com/in/brian-cubellis-00b1a660/

The Last Trade: Joe Consorti joins to break down the bond market forcing Trump's hand on Iran, Morgan Stanley' launches spot trading, Coinbase's 14% layoffs, Saylor's signal on potentially selling BTC, Polymarket's casino dynamics, and why the math doesn't math anymore.

---

🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.

👉 Onramp Finance: https://onrampbitcoin.com/finance

👉 Sign up for Genesis: https://onrampbitcoin.com/finance#genesis

📩 Schedule a consultation: https://onrampbitcoin.com/consult

The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset… in the digital age, it's The Last Trade that investors will ever need to make.

🎙️ About This Episode

Joe Consorti, Head of Growth at Horizon, joins to discuss why every time the 10-year approaches 4.5%, peace talk rhetoric magically appears from the administration. The bond market is calling the shots, not the Fed. With WTI near $100, 70% of US farmers unable to afford fertilizer, and Warsh teeing up trimmed-mean PCE to justify cuts into inflation, the math doesn't math anymore. Plus Morgan Stanley's 50bps spot Bitcoin trade undercutting Schwab, Coinbase's 14% layoffs and the custody concentration problem nobody's pricing, Saylor's earnings-call signal on potentially selling Bitcoin to fund the STRC dividend, and why Polymarket's 67%-to-the-0.1% dynamic is a casino dressed as a market.

🧠 Chapters

00:00 — Welcoming Joe Consorti

03:37 — The Bond Market Is Calling The Shots

06:49 — Oil, Fertilizer & The Limits Of Jawboning

12:04 — Warsh, Trimmed Mean & The Coming Cut

14:14 — Why Bitcoin Doesn't Need A Catalyst

20:11 — Morgan Stanley Spot BTC Trading

22:27 — Custody As The Real Differentiator

33:37 — Coinbase Layoffs & The 10% Problem

36:13 — Everything To Everyone Is Nothing

45:45 — Polymarket, Kalshi & The Casino Era

55:33 — Saylor's Signal On Selling Bitcoin

59:00 — Last Takes & Where To Find Joe

💡 Subscribe & Stay Ahead

Get Onramp’s weekly Research & Analysis:

High-signal insights in bitcoin, macro, and custody.

📩 https://onrampbitcoin.com/research

Subscribe to Onramp Media for more:

🎧 The Last Trade | Final Settlement | Scarce Assets

Connect with Early Riders // Connect with Onramp

Presented collaboratively by Early Riders & Onramp Media...

Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.

Chapters

00:00 - Introduction and Market Overview

03:09 - The Clarity Act and Its Implications

06:05 - Stablecoins: The Future of Financial Transactions

09:10 - Stripe's Major Announcements and Acquisitions

11:50 - Agentic Commerce and Payment Innovations

14:54 - Comparing Stripe and Lightspark's Approaches

18:08 - Liquidity Solutions and the Future of Stablecoins

28:18 - The Evolution of Digital Money and Bitcoin Adoption

31:13 - Stablecoins: The Future of Bitcoin Liquidity

34:12 - Custody Challenges in the Digital Asset Space

40:33 - Innovations in Bitcoin Wallets and Payment Solutions

47:06 - The Rise of Bitcoin-Backed Financial Products

53:24 - Mergers and Acquisitions in the Bitcoin Ecosystem

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Keep up with Michael:

https://x.com/MTanguma

https://www.linkedin.com/in/mtanguma/

Keep up with Liam:

https://x.com/Lnelson_21

https://www.linkedin.com/in/liam-nelson1/

Keep up with Brian:

https://x.com/BackslashBTC

https://www.linkedin.com/in/brian-cubellis-00b1a660/

Links:

https://x.com/lightspark/status/2049888918599065885?s=20

https://x.com/lightspark/status/2049191114641739787?s=20

https://archive.ph/E8AL6

https://block.xyz/inside/block-launches-bitkey-wallet-with-screen-automatic-bitcoin-earning-on-cash-app-and-proof-of-reserves

https://bitcoinmagazine.com/news/aven-launches-bitcoin-backed-visa-card?utm_source=chatgpt.com

https://tether.io/news/tether-investments-proposes-merger-plans-at-twenty-one-capital-to-accelerate-its-strategic-direction/

In Episode 29 of The ₿roadcast, Bram Kanstein, Michael Tanguma, and special guest Joe Consorti break down the most important Bitcoin and macro developments from the past few weeks.

00:00 - Intro & Welcoming Joe Consorti

00:33 - Powell Leaves the Fed in Chaos

07:30 - AI Deflation & the Fed-Treasury Trap

12:22 - Bitcoin as Outside Money

16:02 - Czech National Bank & Sovereign Game Theory

26:29 - ARMA, Gold Sales & the Mar-a-Lago Setup

31:13 - Wall Street Packing Their Bags

34:39 - The Stretch Debate

42:52 - Iran, $120 Oil & the Wrong Fed Call

44:59 - The Lag: Sovereigns, Stripe & Agentic Payments

57:39 - Save in Bitcoin, Spend in Dollars

The ₿roadcast: Bitcoin culture meets Business & Finance. We catch up LIVE on news, tweets, videos, charts, trends, and other Bitcoin related content that stood out to us in the past two weeks ⚡️ Published on Saturday at 9AM EST / 3PM CET.

The Last Trade: Jackson, Michael, and Brian break down PTJ's bitcoin conviction, equities at 252% of GDP, TradFi's gold underweight, Sztorc's "eCash" fork, the Strategic Bitcoin Reserve tease, & why custody governance rights matter.

---

🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.

👉 Onramp Finance: https://onrampbitcoin.com/finance

👉 Sign up for Genesis: https://onrampbitcoin.com/finance#genesis

📩 Schedule a consultation: https://onrampbitcoin.com/consult

The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset… in the digital age, it's The Last Trade that investors will ever need to make.

🎙️ About This Episode

Record onboardings for Onramp Finance, with Genesis spots still open (code TLT for additional sats). PTJ reaffirms his bitcoin thesis on Invest Like the Best while the macro setup for hard assets sharpens: equities at 252% of GDP, all-time-high equity allocations, and B of A private clients at just 0.4% gold. Plus Witt's reserve announcement tease, Sztorc's proposal to fork bitcoin and redistribute Satoshi's coins, and why governance rights at ETFs, DATs, and centralized custodians may prove decisive.

🧠 Chapters

00:00 — Genesis & Onboarding Momentum

04:01 — PTJ on Bitcoin: Finite Scarcity

11:22 — Equities at 252% of GDP

16:30 — Gold's Merit & Severe Underweight

22:50 — Citi's Balanced Bitcoin Thesis

26:40 — Lepard, Trimmed Mean Inflation & Warsh

30:25 — Strategic Bitcoin Reserve Tease

38:30 — Bitcoin Conference Signal & Noise

42:30 — Sztorc's "eCash" Fork

46:20 — Governance Rights at ETFs & DATs

49:30 — Deutsche Bank's "Return of History"

57:30 — Last Takes & Disclaimers

💡 Subscribe & Stay Ahead

Get Onramp’s weekly Research & Analysis:

High-signal insights in bitcoin, macro, and custody.

📩 https://onrampbitcoin.com/research

Subscribe to Onramp Media for more:

🎧 The Last Trade | Final Settlement | Scarce Assets

Connect with Early Riders // Connect with Onramp

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.

This week Liam, Brian, and Michael cover the latest developments in digital assets, DeFi, and macroeconomic trends. The hosts analyze recent events like tether freezes, DeFi exploits, and India's CBDC pilots, providing insights into the evolving landscape of digital finance.

Chapters

05:00 - The Role of Tether in Global Finance

08:10 - Decentralization vs Centralization in Crypto

11:01 - The Fragility of DeFi and Recent Exploits

17:20 - The Impact of AI on Employment

22:39 - Economic Conditions and Corporate Layoffs

31:28 - Digital Asset Roundup: Trends and Innovations

37:28 - The Role of Stablecoins in Transactions

43:09 - Integrating Bitcoin Payments in India

47:19 - AI Investments and the Future of Tech Funding

52:51 - Democratizing Access to Private Companies

58:43 - The Debate on Freezing Coins and Market Dynamics

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Keep up with Michael:

https://x.com/MTanguma

https://www.linkedin.com/in/mtanguma/

Keep up with Liam:

https://x.com/Lnelson_21

https://www.linkedin.com/in/liam-nelson1/

Keep up with Brian:

https://x.com/BackslashBTC

https://www.linkedin.com/in/brian-cubellis-00b1a660/

Originally aired on Joe Consorti's "Over the Horizon" podcast.

Watch the full episode on Joe's channel.

Michael Tanguma joins Joe Consorti to break down the launch of Onramp Finance, the macro setup heading into the next leg of Bitcoin's run, and why custody remains the most underappreciated risk in the entire digital asset stack. The conversation covers the institutional groundwork being laid across Wall Street, the case against digital credit products marketed to retail, and how AI plus Bitcoin are converging into the most asymmetric business opportunity of this cycle.

Over the Horizon: https://www.youtube.com/@JoinHorizon

Joe Consorti on X: https://x.com/JoeConsorti

Michael Tanguma on X: https://x.com/MTanguma

Onramp Finance: https://onrampbitcoin.com/finance

00:00 — What's behind the rally

04:17 — Institutional groundwork falling into place

11:31 — ETFs as the on-ramp to MIC

15:30 — Why custody is existential for Bitcoin

19:36 — How MIC works

24:47 — Announcing Onramp Finance

33:45 — Why everyone is converging on this architecture

44:44 — Stretch and the digital credit problem

53:26 — The custody question nobody asks about DATs

55:05 — AI, credit air pockets, and the Treasury market

1:06:08 — Bitcoin + AI as the asymmetric opportunity

1:12:19 — Closing thoughts

Topics Covered

The macro setup heading into the back half of 2026, including Morgan Stanley's MSBT launch, Charles Schwab opening Bitcoin trading, Goldman's premium income ETF as a trial balloon, the Iran conflict's impact on commodity settlement, and Hank Paulson's call for a Treasury demand backstop.

The Onramp Finance launch — a unified platform combining a cash-earning account paying up to 5%, the lowest-cost Bitcoin brokerage, an earn card with up to 1.5% rewards, IRAs, lending, and spot gold exposure through Argo with optional physical delivery from the Royal Canadian Mint. Built on Stripe-powered settlement infrastructure, with the Genesis founding cohort capped at 210 members.

Why multi-institution custody is the inevitable end state for serious Bitcoin holders, the limits of single-custodian ETF structures, and the case that DATs holding billions across three custodians without addressing custody-layer risk are building on a faulty premise.

A direct take on Stretch and the digital credit category — why retail-driven preferreds priced at marginal spreads over real inflation are not compensating holders for the risk being taken.

The convergence of Bitcoin and AI as the two defining technologies of the next decade, and why bootstrapped Bitcoin-denominated businesses leveraging AI tooling have the structural advantage over fiat-funded incumbents carrying bureaucratic overhead.

The Last Trade: Jackson, Michael, and Brian break down the launch of Onramp Finance, Admiral Paparo's bitcoin testimony before Congress, Kevin Warsh's Fed nomination, bitcoin outperforming as the king of safe-haven assets, BlackRock and Coinbase's influence, & why meeting the market where it's at matters.

---

🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.

👉 Onramp Finance: https://onrampbitcoin.com/finance

👉 Sign up for Genesis: https://onrampbitcoin.com/finance#genesis

📩 Schedule a consultation: https://onrampbitcoin.com/consult

The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset… in the digital age, it's The Last Trade that investors will ever need to make.

🎙️ About This Episode

Onramp Finance is live — a unified money platform combining bitcoin, dollars earning up to 5%, a spending card, and MIC as the long-term custody layer. The crew breaks down why this stands in stark contrast to Polymarket launching 24/7 perpetual futures the same day, and why meeting the market where it's at has been the north star. Meanwhile, a four-star Admiral just called bitcoin a "peer-to-peer, zero-trust, transfer of value system" before Congress, Kevin Warsh is walking into an impossible Fed situation, and BlackRock, Coinbase, and Anchorage want to insert themselves into bitcoin protocol development. The big boys think they're here to fix bitcoin.

🧠 Chapters

00:00 — A Big Week for Onramp

03:04 — Why We Built Onramp Finance

07:00 — The Private Banking Experience, Centered on Bitcoin

10:33 — Meeting the Market Where It's At

16:53 — Genesis Program: 210 Spots, Use Code TLT

21:04 — Admiral Paparo: "Bitcoin Is a Reality"

27:09 — Gold, Multipolarity & Geopolitical Nukes

34:17 — Bitcoin: King of Safe-Haven Assets

39:20 — Reducing Variables in a Chaotic World

43:36 — Warsh, Powell & the Fed's Impossible Position

50:28 — ETF Flows & European Banks Losing Customers

54:56 — OP_Next: BlackRock, Coinbase, Anchorage Want In

1:02:44 — Last Takes & Disclaimers

💡 Subscribe & Stay Ahead

Get Onramp’s weekly Research & Analysis:

High-signal insights in bitcoin, macro, and custody.

📩 https://onrampbitcoin.com/research

Subscribe to Onramp Media for more:

🎧 The Last Trade | Final Settlement | Scarce Assets