BitGo acquires digital title specialist Harbor

The famous crypto custodian BitGo has acquiredHarbor, an American company specializing in tokenization of financial securities (security tokens).

BitGo announced that the transaction also included the buyout of brokerage and transfer agent subsidiaries Harbor, and would allow it to cover a wider class of digital assets for institutional investors by providing "a foundation" for the implementation of a complete digital asset solution.

Our vision has always been broader than portfolios and conservation, and the acquisition of Harbor reinforces the vision of BitGo to build a new digital infrastructure for financial services. We believe participants will need reliable and comprehensive solutions for digital titles and now BitGo is well positioned to meet institutional requirements as the market grows, ”said Mike Belshe, managing director of BitGo, in a statement shared with Cryptonaute.

Founded in 2017 in San Francisco and supported by Andreessen Horowitz or Pantera Capital, Harbor has developed a platform dedicated to the issue of digital titles (security tokens).

Harbor will provide BitGo a complementary technology stack for the life cycle of digital securities, as well as significant service capabilities through our broker and transfer agent subsidiaries, "added Josh Stein, CEO of Harbor.

This operation follows the buyout of the company hedge through BitGo which allowed the American depositary to introduce its own staking service last fall.

At the beginning of February, BitGo announced to expand its international activities with two new entities based in Swiss and in Germany.