Who owns BitGo?

It was founded in 2013 by Mike Belshe and Ben Davenport. Galaxy Digital announced its acquisition of BitGo in 2021 for $1.2 billion, although this acquisition was announced to have been canceled in 2022 after the crypto downturn, with BitGo continuing as an independent company.

Who is advising Galaxy Digital on the acquisition of BitGo?

Citi is serving as financial advisor to Galaxy Digital on the acquisition of BitGo. Galaxy Digital's Investment Banking division also provided assistance on the transaction. Davis Polk & Wardwell LLP, Blake, Cassels & Graydon LLP and Maples and Calder LLP are serving as legal advisors to Galaxy Digital.

How does BitGo work?

BitGo lets you deploy your funds in a number of ways – from DeFi to classic prime services – depending on your risk tolerance. Deliver more for your own users without needing to hire additional blockchain engineers. Exchanges, retail aggregators, and software companies use BitGo’s wallet and API technology to power their back-end systems.

What is BitGo & Galaxy Digital?

BitGo's product suite is complementary to Galaxy Digital's existing offerings across Asset Management, Trading, Investment Banking, and Mining. The combined business will be uniquely positioned to serve the entirety of clients' financial services needs, whether they are storing assets or transacting.