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 line 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 repute 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.
Based on Bitwise, the acquisition will likely be housed beneath a brand new division, Bitwise Onchain Options (Bitwise OS), which can initially supply Ethereum staking with a $10 million minimal.
The core group at Attestant — together with co-founders Sreejith Das, Jim McDonald, and Steve Berryman — is predicted to affix Bitwise. The group’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 providers for added protocols whereas contributing to open-source tasks. Bitwise has indicated that Attestant’s services and products 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.