Bitwise Asset Management has announced the acquisition of Attestant Limited, an institutional-grade Ethereum staking provider with $3.7 billion in staked assets. This acquisition expands Bitwise’s suite of investor solutions to include non-custodial staking, ETPs, hedge fund solutions, private funds, and separately managed account strategies.
In the last five years, the team of technologists and financial services veterans at Attestant has earned the trust of various institutional clients, including family offices, high-net-worth individuals, funds, traditional financial institutions, exchanges, custodians, protocol foundations, and decentralized finance protocols. The firm’s services are known for combining technical excellence with robust reporting for tax, audit, and compliance.
The team and products will be rebranded to form Bitwise’s new Onchain Solutions group. And Bitwise OS will focus on improving the group’s existing Ethereum services, building staking services for select additional protocols, and contributing to the open-source community. Initially, staking services through Bitwise Onchain Solutions will be available with a minimum stake of $10 million.
The core Attestant team will join Bitwise, such as co-founders Das, Jim McDonald, and Dr. Steve Berryman, PhD, who bring decades of experience and exceptional reputations in finance and technology. With the deal, Bitwise now has more than 90 employees across the US and Europe.
Galaxy Digital Partners served as exclusive financial advisor to Attestant for this acquisition.
KEY QUOTES:
“We want Bitwise to be the best possible partner to investors in the crypto space. This acquisition allows us to expand the ways we can help investors meet their objectives. The Attestant team and product are best-in-class, and we’re excited to build on this solution for clients.”
– Bitwise CEO Hunter Horsley
“The Attestant team has built a truly best-of-breed staking solution for Ethereum, one that goes above and beyond technically to give clients high performance and peace of mind. Beyond that, we love that they have authored important open-source projects like Dirk and Vouch, along with collaborating on important research projects in the space. That’s the Bitwise way.”
– Bitwise Chief Technology Officer Hong Kim
“Many on our team at Attestant have backgrounds managing money and building institutional-grade technology infrastructure at large banks and financial institutions. We started Attestant in 2019 out of deep conviction that Ethereum and public blockchains are the future, and our DNA of capital preservation, compliance, and reporting has always remained core to what we’ve built. As we got to know Bitwise, we found a firm with those same values and found ourselves excited by the opportunity to do even more for clients as part of a larger firm.”
– Attestant CEO and co-founder Dr. Sreejith Das, PhD
