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Bitwise Asset Management Acquired Attestant Limited, an enterprise grade company Ethereum (ETH), in a deal that boosts the company’s total assets under management (AUM) to more than $10 billion, according to a statement dated November 13. press release.
The acquisition allows Bitwise to add Ethereum equity to its portfolio of exchange-traded products, private funds and hedge fund solutions. The move is part of Bitwise’s strategy to deepen its offerings to high-net-worth and institutional clients.
Founded in 2019, Attestant has a reputation for technical rigor and a portfolio of $3.7 billion in accumulated assets. The company’s client base includes family offices, traditional financial institutions, and DeFi protocols, with services that prioritize compliance and reporting standards that are often necessary for large investors.
According to Bitwise, the acquisition will be made under a new division, Bitwise Onchain Solutions (Bitwise OS), which will initially offer an Ethereum stake with a minimum stake of $10 million.
The core team at Attestant – including co-founders Sreejith Das, Jim McDonald and Steve Berryman – is expected to join Bitwise. The team’s expertise, particularly in capital preservation and enterprise technology, is expected to complement Bitwise’s focus on secure and scalable digital asset solutions.
The acquisition represents a notable shift as Bitwise Onchain Solutions prepares to explore staking services for additional protocols while contributing to open source projects. Bitwise noted that 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 for the transaction.
