Digital asset custodial firm BitGo lately unveiled its buy of Harbor, a web based platform for digitized securities.
“Our vision has always been bigger than wallets and custody,” BitGo CEO Mike Belshe mentioned in a Feb. 18 assertion offered to Cointelegraph. “Acquiring Harbor furthers BitGo’s vision of building a new digital infrastructure for financial services.”
Harbor’s web site can also be selling the acquisition in a banner on the prime of its homepage.
BitGo’s acquisition consists of a number of others
Picking up Harbor additionally means BitGo positive factors management of the platform’s daughter corporations, which embrace brokerages and switch entities. BitGo additionally lately gained management of crypto staking infrastructure agency Hedge.
Overall, BitGo reportedly processes greater than 20% of the world’s Bitcoin actions.
BitGo labored alongside Harbor previous to acquisition
Before the takeover, BitGo had labored in partnership with Harbor for the reason that digital securities platform’s beginnings, Harbor CEO Josh Stein mentioned within the assertion.
“We’ve worked closely together to integrate BitGo Business Wallets and BitGo Custody into Harbor’s services,” Stein mentioned, including:
“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.”
Built in 2019, Harbor was the earliest blockchain enterprise to achieve FINRA broker-dealer registration in tandem with SEC licensing as a digital asset switch entity, the BitGo assertion mentioned.
BitGo additionally continues to develop its pockets choices because the agency introduced custodial help for Tron and EOS within the latter half of 2019.