Bitwise Asset Administration has acquired Attestant Restricted, an institutional-grade Ethereum (ETH) staking supplier, in a deal that reinforces the agency’s complete property below administration (AUM) to over $10 billion, based on a Nov. 13 press launch.
The acquisition permits Bitwise so as to add Ethereum staking to its lineup of exchange-traded merchandise, personal 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 popularity 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 usually important to large-scale traders.
Based on Bitwise, the acquisition can be housed below a brand new division, Bitwise Onchain Options (Bitwise OS), which is able to initially supply 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, notably in capital preservation and institutional know-how, 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, making certain stability for current shoppers.
Galaxy Digital Companions served because the unique monetary advisor to Attestant for the deal.
