Bitwise Asset Administration has acquired Attestant Restricted, an institutional-grade Ethereum (ETH) staking supplier, in a deal that reinforces the agency’s complete property beneath administration (AUM) to over $10 billion, in accordance with 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 shoppers.
Established in 2019, Attestant has a fame for technical rigor and a portfolio that features $3.7 billion in staked property. The agency’s consumer base spans household workplaces, conventional monetary establishments, and DeFi protocols, with providers that prioritize compliance and reporting requirements typically important to large-scale buyers.
In keeping with Bitwise, the acquisition shall 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 group at Attestant — together with co-founders Sreejith Das, Jim McDonald, and Steve Berryman — is anticipated to affix Bitwise. The group’s experience, notably in capital preservation and institutional expertise, is anticipated to enrich Bitwise’s concentrate on safe and scalable digital asset options.
The acquisition marks a notable shift as Bitwise Onchain Options prepares to discover staking providers for added protocols whereas contributing to open-source tasks. Bitwise has indicated that Attestant’s services will proceed to function with out interruption, guaranteeing stability for current shoppers.
Galaxy Digital Companions served because the unique monetary advisor to Attestant for the deal.
