Bitwise Asset Administration has acquired Attestant Restricted, an institutional-grade Ethereum (ETH) staking supplier, in a deal that enhances the agency’s complete property beneath administration (AUM) to over $10 billion, in response to a Nov. 13 press launch.
The acquisition permits Bitwise so as to add Ethereum staking to its lineup of exchange-traded merchandise, non-public funds, and hedge fund options. The transfer is a part of Bitwise’s technique to deepen its choices for high-net-worth and institutional purchasers.
Established in 2019, Attestant has a status for technical rigor and a portfolio that features $3.7 billion in staked property. The agency’s consumer base spans household places of work, conventional monetary establishments, and DeFi protocols, with providers that prioritize compliance and reporting requirements usually important to large-scale buyers.
In response to Bitwise, the acquisition can be housed beneath a brand new division, Bitwise Onchain Options (Bitwise OS), which can initially provide Ethereum staking with a $10 million minimal.
The core crew at Attestant — together with co-founders Sreejith Das, Jim McDonald, and Steve Berryman — is predicted to hitch Bitwise. The crew’s experience, significantly in capital preservation and institutional expertise, is anticipated to enrich Bitwise’s deal with safe and scalable digital asset options.
The acquisition marks a notable shift as Bitwise Onchain Options prepares to discover staking providers for extra protocols whereas contributing to open-source initiatives. Bitwise has indicated that Attestant’s services and products will proceed to function with out interruption, guaranteeing stability for present purchasers.
Galaxy Digital Companions served because the unique monetary advisor to Attestant for the deal.
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