Bitwise Asset Management has acquired Attestant Limited, an institutional-grade Ethereum (ETH) staking provider, in a deal that brings the company’s total assets under management (AUM) to more than $10 billion, according to a November 13 press release.
The acquisition allows Bitwise to add Ethereum staking to its suite of exchange-traded products, private funds and hedge fund solutions. The move is part of Bitwise’s 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 company’s clientele includes family offices, traditional financial institutions and DeFi protocols, with services that prioritize compliance and reporting standards, often essential to investors at scale.
According to Bitwise, the acquisition will be housed in a new division, Bitwise Onchain Solutions (Bitwise OS), which will initially offer Ethereum staking with a minimum of $10 million.
Attestant’s core team, including co-founders Sreejith Das, Jim McDonald and Steve Berryman, is expected to join Bitwise. The team’s expertise, particularly in capital preservation and institutional technology, is expected to complement Bitwise’s 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 said Attestant’s products and services will continue to operate without interruption, ensuring stability for existing customers.
Galaxy Digital Partners served as Attestant’s exclusive financial advisor on the transaction.
