BitGo Announces Acquisition of Crypto Financing Platform Lumina; Completes First Phase of Product Integration

Blockchain software firm BitGo announced on Thursday it has acquired Lumina, which is a comprehensive crypto-naive financial platform. BitGo also revealed that it has completed the first phase of product integration, expanding its services to give institutional investors a dashboard for managing, accounting, and tracking the entirety of their digital asset holdings and activities across wallets, exchanges, and service providers.

Through the acquisition/integration, BitGo clients may now bring data from any exchange or wallet into the BitGo Portfolio dashboard for a consolidated view of their digital asset holdings and activity.

“BitGo Tax provides institutional investors with data analytics, tax, and reporting capabilities. These front-to-back office tools are designed specifically for digital assets so that institutional investors can see all holdings, track performance, and build reports to streamline operations and inform decision making.”

Speaking about the acquisition Mike Belshe, CEO of BitGo, stated that the integration of Lumina’s Portfolio and Tax software is an “industry game-changer.”

“Clients have digital asset accounts across many exchanges and wallet providers, and that can lead to a fragmented or incomplete view of their digital asset holdings. BitGo clients now have a clear, intuitive dashboard with tax and reporting abilities, and these new services transform their ability to interact with digital assets.”

Chen Fang, Chief Product Officer of BitGo, added:

“This acquisition was a natural fit because Lumina and BitGo share a common mission: to accelerate the institutional adoption of digital assets by building best-of-breed infrastructure and tools to bridge the gap between traditional finance and digital assets.”

Sponsored Links by DQ Promote


Send this to a friend