Galaxy Investment Banking Advises Attestant on its Sale to Bitwise

New York, NY - November 13, 2024 - Galaxy Investment Banking today announced it has served as the exclusive financial advisor to Attestant in its sale to Bitwise Asset Management.

Attestant brings $3.7 billion of staked assets to Bitwise, bringing Bitwise's total client assets above $10 billion. Attestant will form the new Bitwise Onchain Solutions business, which 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.

"We want Bitwise to be the best possible partner to investors in the crypto space," said Bitwise CEO Hunter Horsley. "This acquisition allows us to expand the ways we can help investors meet their objectives. The Attestant team and product are best-in-class, and we're excited to build on this solution for clients."

"The Attestant team has built a truly best-of-breed staking solution for Ethereum, one that goes above and beyond technically to give clients high performance and peace of mind," said Bitwise Chief Technology Officer Hong Kim. "Beyond that, we love that they have authored important open-source projects like Dirk and Vouch, along with collaborating on important research projects in the space. That's the Bitwise way."

"Many on our team at Attestant have backgrounds managing money and building institutional-grade technology infrastructure at large banks and financial institutions," said Attestant CEO and co-founder Dr. Sreejith Das, PhD. "We started Attestant in 2019 out of deep conviction that Ethereum and public blockchains are the future, and our DNA of capital preservation, compliance, and reporting has always remained core to what we've built. As we got to know Bitwise, we found a firm with those same values and found ourselves excited by the opportunity to do even more for clients as part of a larger firm."

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