Onramp CEO Michael Tanguma argues that corporate Bitcoin adoption will stall until firms establish clear protocols for asset control, movement authorization, and verifiable custody.
As a primary custodian for corporate Bitcoin, Coinbase faces indirect pressure from the governance concerns raised by industry leaders like Michael Tanguma. If institutional clients demand higher transparency and control standards that the current infrastructure cannot fully satisfy, Coinbase's market position as a trusted corporate gateway could be challenged.
Governance concerns create a barrier for corporate clients who require verifiable control and movement authorization, potentially impacting Coinbase's ability to onboard institutional treasury accounts.
Onramp CEO Michael Tanguma suggests that Bitcoin's mainstream corporate adoption faces significant headwinds due to a lack of institutional-grade governance. The inability for firms to verify custody, movement authorization, and asset existence creates a transparency gap that hinders corporate treasury integration.
According to Michael Tanguma, companies struggle with the lack of clear governance regarding who controls the funds and how their movement is authorized.
Onramp CEO Michael Tanguma warns that institutional Bitcoin adoption will remain limited until firms resolve critical governance gaps. The lack of transparency regarding asset control and movement authorization poses significant risks for corporate treasuries.
Adoption is stalling because companies currently lack the necessary governance frameworks to prove who controls digital assets, how their movement is authorized, and how custody is verified.