Bitwise Asset Administration has acquired Attestant Restricted, an institutional-grade Ethereum (ETH) staking supplier, in a deal that reinforces the agency’s complete belongings below 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 repute for technical rigor and a portfolio that features $3.7 billion in staked belongings. The agency’s shopper base spans household workplaces, conventional monetary establishments, and DeFi protocols, with companies that prioritize compliance and reporting requirements typically important to large-scale traders.
In keeping with Bitwise, the acquisition will probably be housed below 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 anticipated to hitch Bitwise. The crew’s experience, significantly in capital preservation and institutional know-how, 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 companies for added protocols whereas contributing to open-source initiatives. Bitwise has indicated that Attestant’s services will proceed to function with out interruption, guaranteeing stability for current purchasers.
Galaxy Digital Companions served because the unique monetary advisor to Attestant for the deal.
