BitGo Acquires Digital Securities Platform Harbor

PALO ALTO, CA, February 18, 2020 – BitGo, the leader in digital asset financial services, announced today that it is acquiring Harbor, the leading digital securities platform, and its broker-dealer and transfer agent subsidiaries. The acquisition extends BitGo’s capabilities to address a wider class of digital assets for institutional investors and provides a foundation for a full-stack digital assets solution.

“Our vision has always been bigger than wallets and custody, and acquiring Harbor furthers BitGo’s vision of building a new digital infrastructure for financial services,” said Mike Belshe, CEO, BitGo.

“We believe participants will ultimately need trusted, full-stack solutions for digital currencies and now BitGo is well positioned to address institutional requirements as the market develops.”

“BitGo has been an important partner since Harbor’s inception. We’ve worked closely together to integrate BitGo Business Wallets and BitGo Custody into Harbor’s services,” said Josh Stein, CEO, Harbor.

“Harbor provides BitGo with a complementary technology stack for the lifecycle of digital securities, as well as important service capabilities through our digital assets broker-dealer and transfer agent subsidiaries.”

BitGo provides institutional clients with security, custody, and liquidity solutions for digital assets. The acquisition of Harbor follows BitGo’s acquisition of Hedge, a leader in the scalable, programmatic deployment of staking infrastructure, which formed the foundation of BitGo Staking.

Harbor was formed in 2018 with the goal of becoming the one-stop shop platform for security token issuers and received investments from leading venture capital firms including Andreessen Horowitz, Craft Ventures, Fifth Wall, Valor Equity Partners and VY Capital. In November 2019, Harbor received a transfer agent license from the Securities and Exchange Commission (SEC) becoming the first blockchain company to be granted both a broker-dealer license and a transfer agent license.

"BitGo and Harbor have worked together on their shared commitment to build the digital asset infrastructure that traditional institutional investors need,” said, Brad Greiwe, Co-Founder & Managing Partner, Fifth Wall. “The digital assets market needs trusted solutions and services which makes this acquisition both a perfect fit and a natural next step.”

Institutional digital asset custody, trading, and finance.
Connect With Us
Keep up to date with our newsletter.
We're committed to your privacy. BitGo uses the information you provide to us to contact you about our relevant content, products, and services. You may unsubscribe from these communications at any time. For more information, check out our privacy policy.
Sales Inquiries
sales@bitgo.com
Press Inquiries
press@bitgo.com
Services
chevron-right
Who We Serve
chevron-right
Resources
chevron-right
Company
chevron-right
Institutional digital asset custody, trading, and finance.
Connect With Us
Keep up to date with our newsletter.
We're committed to your privacy. BitGo uses the information you provide to us to contact you about our relevant content, products, and services. You may unsubscribe from these communications at any time. For more information, check out our privacy policy.
©2020 BitGo. All rights reserved.

No legal, tax, investment, or other advice is provided by any BitGo entity. Please consult your legal/tax/investment professional for questions about your specific circumstances. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless.