Key Points
- Bitwise Asset Management has acquired Attestant Limited, a leading institutional Ethereum staking provider managing $3.7 billion in staked assets, marking a significant expansion into non-custodial staking services.
- The acquisition will lead to the formation of Bitwise Onchain Solutions (Bitwise OS), with a $10 million minimum stake requirement, while retaining Attestant’s core team and technical infrastructure.
Strategic Move into Institutional Staking
Bitwise Asset Management has made a bold move to strengthen its institutional crypto offerings by acquiring Attestant Limited, a prominent Ethereum staking provider. The acquisition, announced today, brings $3.7 billion in staked assets under Bitwise’s umbrella and signals the firm’s ambitious push into professional non-custodial staking services.
Technical Excellence Meets Institutional Standards
The deal combines Attestant’s renowned technical expertise with Bitwise’s established institutional presence. Attestant, founded in 2019, has built a reputation for its robust infrastructure and comprehensive reporting solutions for tax, audit, and compliance needs. The company’s open-source contributions, including projects like Dirk and Vouch, have become industry standards in the Ethereum staking ecosystem.
Leadership Integration and Future Plans
Under the new structure, Attestant’s core team, including co-founders Dr. Sreejith Das, Jim McDonald, and Dr. Steve Berryman, will join Bitwise, bringing their extensive experience in finance and technology. The integration will expand Bitwise’s employee base to over 90 professionals across the United States and Europe. The newly formed Bitwise Onchain Solutions will focus on enhancing existing Ethereum services while exploring staking opportunities in select additional protocols.
The acquisition, facilitated by Galaxy Digital Partners LLC as financial advisor to Attestant, represents a significant consolidation in the institutional crypto infrastructure space, as traditional finance continues to seek regulated and sophisticated entry points into digital asset staking.
