Bitwise acquires Ethereum staking service Attestant, boosting AUM to $10 billion
Bitwise Asset Management has acquired Attestant Limited, an institutional-grade Ethereum (ETH) staking provider, in a deal that boosts the firms total assets under management (AUM) to over $10 billion, according to a Nov. 13 press release.
The acquisition allows Bitwise to add Ethereum staking to its lineup of exchange-traded products, private funds, and hedge fund solutions. The move is part of Bitwises strategy to deepen its offerings for high-net-worth and institutional clients.
Established in 2019, Attestant has a reputation for technical rigor and a portfolio that includes $3.7 billion in staked assets. The firms client base spans family offices, traditional financial institutions, and DeFi protocols, with services that prioritize compliance and reporting standards often essential to large-scale investors.
According to Bitwise, the acquisition will be housed under a new division, Bitwise Onchain Solutions (Bitwise OS), which will initially offer Ethereum staking with a $10 million minimum.
The core team at Attestant including co-founders Sreejith Das, Jim McDonald, and Steve Berryman is expected to join Bitwise. The teams expertise, particularly in capital preservation and institutional technology, is anticipated to complement Bitwises focus on secure and scalable digital asset solutions.
The acquisition marks a notable shift as Bitwise Onchain Solutions prepares to explore staking services for additional protocols while contributing to open-source projects. Bitwise has indicated that Attestants products and services will continue to operate without interruption, ensuring stability for existing clients.
Galaxy Digital Partners served as the exclusive financial advisor to Attestant for the deal.
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Text source: CryptoSlate
