Digital asset custodial firm BitGo not too long ago unveiled its buy of Harbor, a web based platform for digitized securities.
“Our imaginative and prescient has all the time been larger than wallets and custody,” BitGo CEO Mike Belshe mentioned in a Feb. 18 assertion supplied to Cointelegraph. “Buying Harbor furthers BitGo’s imaginative and prescient of constructing a brand new digital infrastructure for monetary companies.”
Harbor’s web site can also be selling the acquisition in a banner on the high of its homepage.
BitGo’s acquisition consists of a number of others
Selecting up Harbor additionally means BitGo features management of the platform’s daughter firms, which embody brokerages and switch entities. BitGo additionally recently gained management of crypto staking infrastructure agency Hedge.
General, BitGo reportedly processes greater than 20% of the world’s Bitcoin actions.
BitGo labored alongside Harbor previous to acquisition
Earlier than 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 labored intently collectively to combine BitGo Enterprise Wallets and BitGo Custody into Harbor’s companies,” Stein mentioned, including:
“Harbor gives BitGo with a complementary know-how stack for the lifecycle of digital securities, in addition to vital service capabilities by way of our digital belongings broker-dealer and switch agent subsidiaries.”
Inbuilt 2017, 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 announced custodial assist for Tron and EOS within the latter half of 2019.