is the acquisition of Attestant Limited by Bitwise Asset Management. Attestant Limited is an institutional-grade Ethereum staking provider that will help boost Bitwise’s total assets under management to over $10 billion. This acquisition allows Bitwise to add Ethereum staking to its offerings for high-net-worth and institutional clients, alongside its existing exchange-traded products, private funds, and hedge fund solutions.
Established in 2019, Attestant has built a reputation for technical rigor and compliance, with a portfolio that includes $3.7 billion in staked assets. The firm serves a diverse client base, including family offices, traditional financial institutions, and DeFi protocols, prioritizing compliance and reporting standards crucial for large-scale investors. This acquisition will see the formation of a new division within Bitwise called Bitwise Onchain Solutions (Bitwise OS), initially offering 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. Their expertise in capital preservation and institutional technology is seen as a valuable addition to Bitwise’s focus on secure and scalable digital asset solutions. The acquisition signifies Bitwise’s commitment to exploring staking services for additional protocols and contributing to open-source projects, while ensuring continuity and stability for Attestant’s existing clients.
Galaxy Digital Partners played a crucial role as the exclusive financial advisor to Attestant in this acquisition. The partnership between Bitwise Asset Management and Attestant Limited represents a significant development in the digital asset management space, as Bitwise expands its offerings to include Ethereum staking and deepens its relationships with high-net-worth and institutional clients. As the industry continues to evolve, collaborations and acquisitions like this one are likely to become more common, as firms seek to enhance their capabilities and cater to the growing demands of sophisticated investors.
