Bitwise acquired Ethereum staking service Attestant, increasing AUM to $10 billion.
Bitwise Asset Management acquired Attestant Limited, an institutional-level Ethereum (ETH) staking provider, bringing the company’s total assets under management (AUM) to over $10 billion, according to a November 13 press release.
This acquisition allows Bitwise to add Ethereum staking to its lineup of exchange-traded products, private equity, and hedge fund solutions. The move is part of Bitwise’s strategy to strengthen its services for high-net-worth and institutional clients.
Founded in 2019, Attestant has a reputation for technical rigor and a portfolio that includes $3.7 billion in equity assets. The company’s customer base spans family offices, traditional financial institutions, and DeFi protocols, providing services that prioritize compliance and reporting standards essential to large investors.
According to Bitwise, the acquisition will be part of a new division, Bitwise Onchain Solutions (Bitwise OS), which will initially offer at least $10 million in Ethereum staking.
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 for Bitwise Onchain Solutions as it 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 this transaction.
