BitGo, the leader in digital asset financial services, today announced that it acquired Lumina, a comprehensive crypto-native financial platform, and 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.
BitGo clients can 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. BitGo will host a webinar to showcase the new services on April 23.
“BitGo’s integration of Lumina’s Portfolio and Tax software is an industry game-changer,” said Mike Belshe, CEO, BitGo. “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.”
Founded in 2018, Lumina was backed by top VCs Craft Ventures, Bain Capital Ventures, and Dragonfly Capital Partners. The company’s employees have joined BitGo and Lumina CEO Chen Fang has been named Chief Product Officer, reporting to Mike Belshe, CEO.
“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,” said Chen Fang, Chief Product Officer, BitGo. “We built Lumina to be the institutional operating system for digital assets, the first thing you look at in the morning and the last thing you check at night. BitGo Portfolio and BitGo Tax are only the beginning and we will be bringing more new services to market over the next several months.”
Source: Business News Wire