Bitwise Asset Management today announced the acquisition of Attestant Limited, an institutional-grade Ethereum staking provider.
The acquisition expands Bitwise’s suite of solutions for investors to include professional non-custodial staking alongside ETPs, hedge fund solutions, private funds, and separately managed account strategies.
Going forward, there will be no disruption to Attestant’s services. The team and products will be rebranded to form Bitwise’s new Onchain Solutions group (“Bitwise OS”). Bitwise OS will focus on improving the group’s existing Ethereum services, building staking services for select additional protocols, and continuing to contribute to the open-source community. Initially, staking services through Bitwise Onchain Solutions will be available with a minimum stake of $10 million.
“We want Bitwise to be the best possible partner to investors in the crypto space,” said Bitwise CEO Hunter Horsley. “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.”
“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,” said Bitwise Chief Technology Officer Hong Kim. “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.”
The core Attestant team will join Bitwise, including 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 United States and Europe.
Galaxy Digital Partners LLC served as exclusive financial advisor to Attestant for this acquisition.
