The crypto custodian firm BitGo has acquired
HeightZero, a software platform tailored for wealth managers looking to
integrate cryptocurrencies and digital assets into their clients’ portfolios.
While the financial details of the deal were undisclosed, this development
highlights BitGo’s ambition to expand its presence in the cryptocurrency space.
Mike Belshe, the CEO of BitGo, said: “We’ve
been proud to have partnered with HeightZero over the past several years and to
be a part of their incredible growth. This acquisition is a doubling down in
the space for BitGo, HeightZero, and our clients. We look forward to
maintaining HeightZero’s leadership position, while increasing the safety,
security, and features provided in the joint products.”
HeightZero specializes in providing wealth managers
with a suite of software tools designed to facilitate the inclusion of
cryptocurrencies in its clients’ portfolios. This includes services such as
portfolio rebalancing, statement generation, tax loss harvesting, and automated
billing for cryptocurrency investments. Notably, HeightZero had already been
using BitGo’s custody solutions for some time before officially joining BitGo.
Today we are announcing BitGo’s acquisition of HeightZero.
Together we will provide RIAs and their clients with everything they need to manage digital assets from one platform.
Help us welcome them to BitGo! 🚀https://t.co/ZCU8k8tB1J
