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BitGo Buys Crypto Wealth Management Platform HeightZero

Cryptocurrency custody specialist BitGo has acquired HeightZero, a firm that provides software tools for wealth managers whose clients may want to invest a proportion of their portfolios in crypto and digital assets. The financial details of the deal were not made public. Crypto has a reputation for fast-paced, speculative and complex trading strategies. Many institutional players and some of the original crypto firms are looking to offer secure long-term holdings with a focus on mainstream wealth managers and regulated investment advisors (RIAs). HeightZero handles portfolio rebalancing, statement generation, tax loss harvesting and automated billing for crypto clients.

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