17 hours ago
Bitwise Asset Management has acquired Attestant Limited, an institutional-grade Ethereum (ETH) staking provider, successful a woody that boosts the firm’s full assets nether absorption (AUM) to implicit $10 billion, according to a Nov. 13 press release.
The acquisition allows Bitwise to adhd Ethereum staking to its lineup of exchange-traded products, backstage funds, and hedge money solutions. The determination is portion of Bitwise’s strategy to deepen its offerings for high-net-worth and organization clients.
Established successful 2019, Attestant has a estimation for method rigor and a portfolio that includes $3.7 cardinal successful staked assets. The firm’s lawsuit basal spans household offices, accepted fiscal institutions, and DeFi protocols, with services that prioritize compliance and reporting standards often indispensable to large-scale investors.
According to Bitwise, the acquisition volition beryllium housed nether a caller division, Bitwise Onchain Solutions (Bitwise OS), which volition initially connection Ethereum staking with a $10 cardinal minimum.
The halfway squad astatine Attestant — including co-founders Sreejith Das, Jim McDonald, and Steve Berryman — is expected to articulation Bitwise. The team’s expertise, peculiarly successful superior preservation and organization technology, is anticipated to complement Bitwise’s absorption connected unafraid and scalable integer plus solutions.
The acquisition marks a notable displacement arsenic Bitwise Onchain Solutions prepares to research staking services for further protocols portion contributing to open-source projects. Bitwise has indicated that Attestant’s products and services volition proceed to run without interruption, ensuring stableness for existing clients.
Galaxy Digital Partners served arsenic the exclusive fiscal advisor to Attestant for the deal.
The station Bitwise acquires Ethereum staking work Attestant, boosting AUM to $10 billion appeared archetypal connected CryptoSlate.
English (US) 