Bitwise acquires Ethereum staking service Attestant, boosting AUM to $10 billion
Bitwise acquires Ethereum staking provider Attestant, boosting AUM to $10 billion Bitwise acquires Ethereum staking provider Attestant, boosting AUM to $10 billion
The acquisition is fragment of Bitwise's technique to deepen its choices for excessive-gain-price and institutional customers.
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Bitwise Asset Management has got Attestant Diminutive, an institutional-grade Ethereum (ETH) staking provider, in a deal that boosts the firm’s total sources below administration (AUM) to over $10 billion, in step with a Nov. 13 press launch.
The acquisition allows Bitwise to add Ethereum staking to its lineup of alternate-traded merchandise, non-public funds, and hedge fund solutions. The switch is fragment of Bitwise’s technique to deepen its choices for excessive-gain-price and institutional customers.
Established in 2019, Attestant has a popularity for technical rigor and a portfolio that entails $3.7 billion in staked sources. The firm’s client defective spans family offices, worn financial institutions, and DeFi protocols, with products and companies that prioritize compliance and reporting standards usually very important to clear-scale investors.
In accordance with Bitwise, the acquisition will likely be housed below a original division, Bitwise Onchain Alternate options (Bitwise OS), that may fair on the muse provide Ethereum staking with a $10 million minimum.
The core group at Attestant â including co-founders Sreejith Das, Jim McDonald, and Steve Berryman â is anticipated to affix Bitwise. The group’s skills, severely in capital preservation and institutional know-how, is anticipated to complement Bitwise’s focus on stable and scalable digital asset solutions.
The acquisition marks a distinguished shift as Bitwise Onchain Alternate options prepares to explore staking products and companies for additional protocols while contributing to initiate-offer projects. Bitwise has indicated that Attestant’s merchandise and products and companies will continue to operate without interruption, guaranteeing balance for present customers.
Galaxy Digital Companions served because the irregular financial advisor to Attestant for the deal.
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Assad Jafri
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now makes a speciality of crypto reporting.
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Bitwise
Bitwise Asset Management pioneered the first cryptocurrency index fund and is the leading provider of principles-basically basically based mostly publicity to the cryptoasset house..
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