Legal Advisor to Attestant Financial Advisor to Attestant Bitwise’s Acquisition of Attestant DEAL BRIEF ADVISORS Bitwise Asset Management has announced the acquisition of Attestant Limited, a leading institutional Ethereum staking provider with $3.7 billion in staked assets. This strategic transaction bolsters Bitwise’s institutional offerings by integrating non-custodial staking services with its existing portfolio of exchange-traded products, hedge funds, and private account solutions. The team and products will be rebranded to form Bitwise Onchain Solutions (Bitwise OS), which will continue Attestant’s Ethereum staking services while expanding into additional blockchain protocols and continuing to contribute to the open-source community. The deal brings Attestant’s co-founders—Dr. Sreejith Das, Jim McDonald, and Dr. Steve Berryman—and its expert team under Bitwise’s umbrella, growing the organization to over 90 employees across the U.S. and Europe. Attestant’s clients, which include family offices, high-net-worth individuals, and DeFi protocols, will benefit from Bitwise’s scale and resources. Hunter Horsley, CEO of Bitwise, described the acquisition as pivotal to Bitwise’s strategy: “We want to be the best partner for investors in the crypto space. The Attestant team’s technical expertise and focus on compliance enhance our ability to help clients achieve their goals.” The transaction was supported by gunnercooke LLP, who advised the shareholders of Attestant, with Kathryn Dodds leading their team. Dodds and her colleagues, James Burnie and Mark Langford advised on the deal’s structuring and ensured compliance with regulatory and transactional complexities. gunnercooke’s expertise in Web3 transactions played a key role in completing one of the year’s most significant blockchain-sector deals. 52 LAWYER MONTHLY MARCH 2025
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