Davis Polk & Wardwell and several law firms are advising on a $1.2 billion deal by Galaxy Digital Holdings Ltd., a cryptocurrency-focused financial services firm, to acquire Silicon Valley-based crypto custody specialist BitGo Inc.
Galaxy Digital said the acquisition will make it the first full-service financial platform for digital assets, adding new business lines, including a regulated client custody solution. It expands its global reach with a San Francisco office and global offices, and it adds over 400 new clients.
“The acquisition of BitGo establishes Galaxy Digital as a one-stop-shop for institutions and significantly accelerates our mission to institutionalize digital ...
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