Bitwise Asset Management, a San Francisco, CA-based crypto specialist asset manager, announced the acquisition of Attestant Limited, a London, UK-based institutional-grade Ethereum staking provider.
The amount of the deal was not disclosed.
The acquisition will expand 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. The core Attestant team will join Bitwise, including co-founders Dr. Sreejith Das, Jim McDonald, and Dr. Steve Berryman, PhD. With the deal, Bitwise now has more than 90 employees across the United States and Europe.
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.
Attestant is dedicated to providing institutional-grade reporting for tax, audit, and compliance staking solutions to a wide variety of institutional clients, including family offices, high-net-worth individuals, funds, traditional financial institutions, exchanges, custodians, protocol foundations, and decentralized finance protocols. The company, known for its dedication to supporting the staking community, having built open-source staking tools and products that are widely used throughout the industry, has $3.7 billion in staked assets.
Led by CEO Hunter Horsley, and Chief Technology Officer Hong Kim, Bitwise Asset Management is a crypto specialist asset manager serving clients in the U.S. and Europe. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. For seven years, it has established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, hedge fund strategies, and staking. The company is known for providing client support through expert research and commentary, its nationwide client team of crypto specialists, and its deep access to the crypto ecosystem.
FinSMEs
13/11/2024