Full-Time
Posted on 11/7/2025
Manages cryptocurrency index funds and ETFs
$120k - $135k/yr
Company Historically Provides H1B Sponsorship
New York, NY, USA
Hybrid
Bitwise Asset Management is a cryptocurrency-focused investment manager. It offers a range of products including exchange-traded funds (ETFs), publicly traded trusts, separately managed accounts (SMAs), and private funds that provide exposure to over 19 cryptocurrencies, as well as equities, hedge funds, and NFT collections. The company aims to simplify crypto investing for a wide audience—from individuals to institutions—through its index-style funds and Web3 ETFs. It operates by managing these funds and charging management fees. With a team of more than 60 professionals in technology, asset management, and law, Bitwise differentiates itself by specialized expertise in a rapidly evolving crypto market and a diverse product lineup tailored to different client needs. The goal is to make cryptocurrency investments accessible, understandable, and practical for a broad client base while delivering exposure to a broad set of digital assets.
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$154.5M
Headquarters
San Francisco, California
Founded
2017
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Paid Parental Leave
Paid Holidays
Meal Benefits
Phone/Internet Stipend
Company Social Events
Bitwise CEO Hunter Horsley predicts crypto will become so mainstream by the end of 2026 that it will be "uninteresting", as Morgan Stanley's embrace of digital assets signals broader Wall Street acceptance. His comments followed observations that Morgan Stanley Investment Management now prominently features crypto offerings on its homepage. The bank recently launched its spot Bitcoin ETF (MSBT) with a 0.14% annual fee, undercutting rivals including BlackRock's iShares Bitcoin Trust. Morgan Stanley's fund attracted approximately $34 million in net inflows on its first trading day, with over 1.6 million shares traded, marking one of the strongest ETF debuts in the past year. The shift is particularly striking given the bank called Bitcoin potentially worthless in 2017, highlighting the changing institutional attitude towards digital assets.
Bitwise and Lombard partner to launch institutional Bitcoin Smart Accounts. Lombard and Bitwise Asset Management have partnered to launch Bitcoin Smart Accounts, unlocking yield and liquidity for $500 billion in custodied bitcoin. Lombard and Bitwise Asset Management announced a strategic partnership on March 24, 2026, to integrate Bitwise into the Bitcoin Smart Accounts (BSA) ecosystem. Scheduled for a Q2 2026 launch, this collaboration allows institutional holders to earn yield and borrow stablecoins through Morpho without moving assets from regulated custody. The initiative targets a market of $500 billion in idle institutional bitcoin by providing a programmatic way to recognize collateral through cryptographic receipts. Bitwise will manage yield strategies combining decentralized finance lending with real-world assets, while the infrastructure maintains existing security and regulatory compliance frameworks. "This collaboration reflects the next phase of bitcoin's transformation as an institutional asset," said Hunter Horsley, Co-founder and CEO of Bitwise Asset Management. "We're excited to help shape an ecosystem where bitcoin can serve as productive, yield-generating capital while still maintaining the highest standards of security." Lombard launches Bitcoin Smart Accounts linking custody to defi. Lombard unveils Bitcoin Smart Accounts to recognize custodied BTC as onchain collateral, enabling decentralized finance (DeFi) access without moving custody... FAQs. - When will the Bitcoin Smart Accounts ecosystem officially launch? The platform is scheduled for a formal release in the second quarter of 2026. - Which companies are providing the core liquidity and yield strategies? Bitwise Asset Management and Morpho serve as the primary strategic partners for this launch. - Do institutions need to transfer their bitcoin to a new jurisdiction? No asset or title transfer is required from the user's existing regulated custody setup. - What is the total value of the bitcoin market being targeted? The partnership aims to mobilize an estimated $500 billion in currently inactive institutional bitcoin. Crypto Fear and Greed index. Fear Greed Yesterday Extreme Fear Last Week Extreme Fear How do you feel about the market today?
Lombard taps Bitwise to offer Bitcoin yield and lending to institutional custody. Lombard, a company building Bitcoin-based lending infrastructure, will team with Bitwise Asset Management to enable institutions to earn yield and borrow against Bitcoin BTCUSD without moving assets out of custody, aiming to unlock hundreds of billions of dollars in Bitcoin held in institutional custody. The partnership was announced Tuesday at the Digital Asset Summit in New York. Jacob Phillips, CEO and co-founder of Lombard, told Cointelegraph: The breakthrough is Bitcoin Smart Accounts - connecting two previously isolated worlds: institutional custody and onchain finance. According to an announcement shared with Cointelegraph, Bitwise will develop yield strategies combining DeFi lending with tokenized real-world assets, while Morpho, a decentralized lending protocol, will provide the lending infrastructure for borrowing against Bitcoin. The platform uses Bitcoin-native tools such as partially signed transactions and timelocks to verify collateral, allowing positions to be represented onchain without transferring or rehypothecating the underlying assets. Rather than relying on bridges or wrapped assets, Phillips said "Bitcoin Smart Accounts eliminate all three risk vectors simultaneously," addressing custody, bridge and counterparty risks that have historically limited institutional Bitcoin lending. The offering targets high-net-worth individuals, asset managers and corporate treasuries seeking to put long-held Bitcoin positions to work without changing custody arrangements. The rollout is expected in the second quarter of 2026, with Lombard planning to add more custodians and protocols to expand access across institutional Bitcoin holdings. Phillips said the model could change how institutions approach Bitcoin allocations: We're moving Bitcoin from a pure store of value to productive institutional capital. That's the shift. That's because Bitcoin in institutional portfolios has historically functioned as a passive store of value, he said, with limited options to generate yield or access liquidity without exiting custody, taking on counterparty risk or triggering taxable events. Lombard estimates that $500 billion worth of the biggest crypto is held in institutional custody, much of which remains outside onchain financial markets. Bitcoin DeFi gains traction as vaults and lending expand Data from DefiLlama shows Bitcoin's total value locked in DeFi at roughly $2.93 billion, a small fraction of its approximately $1.4 trillion market capitalization. However, momentum is beginning to build as efforts to turn Bitcoin into a yield-generating asset gain traction. One key driver is the rise of onchain vaults, which function like automated investment funds that deploy user capital across DeFi strategies. In January, Bitwise announced a tie-up with DeFi lending protocol Morpho to launch non-custodial vaults designed to generate yield through overcollateralized lending. The trend has accelerated in recent months. In February, Telegram added yield-generating vaults to its built-in crypto wallet, allowing users to earn returns on Bitcoin, Ether and USDT within the app. In March, Bitcoin staking protocol Babylon integrated with hardware wallet maker Ledger, enabling users to deploy BTC in financial applications while maintaining self-custody through hardware-based transaction signing. At the time of writing, Babylon Protocol leads Bitcoin-based DeFi with about $2.8 billion in total value locked, while Lombard ranks second with around $744 million. Magazine: Banks want to run Vietnam's crypto exchanges, Boyaa's $70M BTC plan: Asia Express
Lombard taps Bitwise to offer Bitcoin yield and lending to institutional custody. 23 hours ago Lombard CEO Jacob Phillips announced at the Digital Asset Summit that the platform enables institutions to earn yield and borrow against Bitcoin without moving assets out of custody. Cointelegraph in your social feed Lombard, a company building Bitcoin-based lending infrastructure, will team with Bitwise Asset Management to enable institutions to earn yield and borrow against Bitcoin without moving assets out of custody, aiming to unlock hundreds of billions of dollars in Bitcoin held in institutional custody. The partnership was announced Tuesday at the Digital Asset Summit in New York. Jacob Phillips, CEO and co-founder of Lombard, told Cointelegraph: The breakthrough is Bitcoin Smart Accounts - connecting two previously isolated worlds: institutional custody and onchain finance. According to an announcement shared with Cointelegraph, Bitwise will develop yield strategies combining DeFi lending with tokenized real-world assets, while Morpho, a decentralized lending protocol, will provide the lending infrastructure for borrowing against Bitcoin. The platform uses Bitcoin-native tools such as partially signed transactions and timelocks to verify collateral, allowing positions to be represented onchain without transferring or rehypothecating the underlying assets. Rather than relying on bridges or wrapped assets, Phillips said "Bitcoin Smart Accounts eliminate all three risk vectors simultaneously," addressing custody, bridge and counterparty risks that have historically limited institutional Bitcoin lending. The offering targets high-net-worth individuals, asset managers and corporate treasuries seeking to put long-held Bitcoin positions to work without changing custody arrangements. The rollout is expected in the second quarter of 2026, with Lombard planning to add more custodians and protocols to expand access across institutional Bitcoin holdings. Phillips said the model could change how institutions approach Bitcoin allocations: We're moving Bitcoin from a pure store of value to productive institutional capital. That's the shift. That's because Bitcoin in institutional portfolios has historically functioned as a passive store of value, he said, with limited options to generate yield or access liquidity without exiting custody, taking on counterparty risk or triggering taxable events. Lombard estimates that $500 billion worth of the biggest crypto is held in institutional custody, much of which remains outside onchain financial markets. Bitcoin DeFi gains traction as vaults and lending expand. Data from DefiLlama shows Bitcoin's total value locked in DeFi at roughly $2.93 billion, a small fraction of its approximately $1.4 trillion market capitalization. However, momentum is beginning to build as efforts to turn Bitcoin into a yield-generating asset gain traction. One key driver is the rise of onchain vaults, which function like automated investment funds that deploy user capital across DeFi strategies. In January, Bitwise announced a tie-up with DeFi lending protocol Morpho to launch non-custodial vaults designed to generate yield through overcollateralized lending. The trend has accelerated in recent months. In February, Telegram added yield-generating vaults to its built-in crypto wallet, allowing users to earn returns on Bitcoin, Ether and USDT within the app. In March, Bitcoin staking protocol Babylon integrated with hardware wallet maker Ledger, enabling users to deploy BTC in financial applications while maintaining self-custody through hardware-based transaction signing. At the time of writing, Babylon Protocol leads Bitcoin-based DeFi with about $2.8 billion in total value locked, while Lombard ranks second with around $744 million.
Babylon Labs integrates Ledger to launch Trustless Bitcoin Vaults. Reading Time: 3 mins read Bitcoin staking infrastructure developer Babylon Labs has partnered with hardware wallet giant Ledger to enable BTC holders to put their assets to work while maintaining full control. The collaboration centres on Babylon's Trustless Bitcoin Vaults (BTCVaults), which let users lock Bitcoin into programmable smart contracts governed by onchain conditions. Bitcoin holders can now earn without giving up self-custody. By integrating Ledger signers, users can now authorize vault interactions directly from their hardware wallet. Ledger's Clear Signing technology ensures that every transaction is displayed in a human-readable format on the device screen, allowing holders to verify details before approving. For users exploring Babylon Vaults, the practical setup involves adding a Babylon account to Ledger Live and ensuring compatibility with Ledger models such as the Nano S Plus, Nano X, Ledger Stax, and Ledger Flex. Staking BTC through the vault earns rewards in BABY tokens, though withdrawals before the full term trigger a ~7-day unbonding period. While self-custodial, BTCVaults carry risks tied to the underlying DeFi protocol, including potential liquidation or slashing events. Unlike liquid staking platforms, Babylon keeps BTC on the Bitcoin network in a UTXO-based vault, avoiding wrapped tokens and maintaining direct user control. This added layer of transparency and security addresses one of crypto's persistent challenges: signing malicious or opaque transactions. Ledger, which has sold over 8 million devices worldwide, has now become a key security layer for Babylon's BTCVault ecosystem. Vaults: the future of self-custodial crypto. The rise of self-custodial vaults reflects a growing trend in digital asset management. Unlike traditional custodial platforms, where exchanges or intermediaries control assets, vaults allow users to retain ownership while participating in yield-generating strategies such as staking, lending, or automated allocation. Decentralized finance (DeFi) protocols like Yearn Finance have popularized vault strategies through automated yield allocation. At the same time, mainstream platforms such as Telegram have recently launched vault-style products enabling Bitcoin, Ether (ETH), and Tether (USDT) deposits to generate structured returns. Institutional adoption is also accelerating. Asset manager Bitwise recently partnered with DeFi lending protocol Morpho to create curated onchain vault strategies that generate yield via overcollateralized lending markets, signalling increasing trust in programmable, self-custodial solutions. Enjoyed this piece? Bookmark DeFi Planet, explore related topics, and follow DeFi Planet on Twitter, LinkedIn, Facebook, Instagram, Threads and CoinMarketCap Community for seamless access to high-quality industry insights. "Take control of your crypto portfolio with MARKETS PRO, DeFi Planet's suite of analytics tools." Experienced web content writer with a strong command of SEO, specializing in creating concise, engaging content that drives traffic and enhances conversions across diverse industries.