Share this article
BitGo Buys Crypto Wealth Management Platform HeightZero
Financial details of the deal were not revealed.
Updated Oct 17, 2023, 1:00 p.m. Published Oct 17, 2023, 1:00 p.m.
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).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
How the crypto market is poised to react to the likely imminent approval of a spot bitcoin ETF ought to be a wake-up call to wealth managers and RIAs, according to BitGo CEO Mike Belshe.
“RIAs should absolutely be calling up BitGo, getting HeightZero, getting qualified custody and doing it now, before the ETF,” Belshe said in an interview. “Because when the ETF hits, there’s going to be massive demand for bitcoin. Now, you can wait for the ETF, and then you can invest in that. But you’re going to miss out on a big growth.”
HeightZero handles portfolio rebalancing, statement generation, tax loss harvesting and automated billing for crypto clients. The firm used BitGo custody for some time before becoming joining the larger firm.
For its part, BitGo recently raised $100 million and is known to be on the acquisition trail.
“This downturn has unfortunately meant a lot of companies coming to the end of their runway and you can be looking at a distressed asset type of purchase,” Belshe said. “Sometimes these can work out and we will of course look at everything. But we’d like to think we have a little bit more strategic path forward, and I think HeightZero is a good example of that.”
Read more: BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on Solana
Galaxy’s onchain debt deal, where JP Morgan acted as arranger, was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton.
What to know:
- J.P. Morgan arranged Galaxy Digital’s commercial paper issuance on the Solana blockchain, one of the first of its kind in the U.S.
- Coinbase and Franklin Templeton bought the short-term debt instrument, settled in USDC
- Tokenization of real-world assets is gaining traction, with projections suggesting the market could reach $18.9 trillion by 2033.
Top Stories
