Bitwise Asset Administration has acquired Attestant Restricted, an institutional-grade Ethereum (ETH) staking supplier, in a deal that brings the corporate's complete property below administration (AUM) to greater than $10 billion, in line with a November 13 press launch.
The acquisition permits Bitwise so as to add Ethereum staking to its suite 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 fame for technical rigor and a portfolio that features $3.7 billion in staked property. The corporate's clientele contains household workplaces, conventional monetary establishments and DeFi protocols, with companies that prioritize compliance and reporting requirements, usually important to traders at scale.
In line with Bitwise, the acquisition will probably be housed in a brand new division, Bitwise Onchain Options (Bitwise OS), which is able to initially supply Ethereum staking with a minimal of $10 million.
Attestant's core group, together with co-founders Sreejith Das, Jim McDonald and Steve Berryman, is anticipated to hitch Bitwise. The group's experience, significantly 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 companies for added protocols whereas contributing to open supply tasks. Bitwise stated Attestant's services and products will proceed to function with out interruption, guaranteeing stability for present clients.
Galaxy Digital Companions served as Attestant's unique monetary advisor on the transaction.
