Bitwise’s 12-month due diligence process engaged its legal, compliance and risk teams to ensure regulatory adherence and institutional-grade risk management, demonstrating the rigor required for institutional DeFi adoption

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The move required Bitwise to do some pretty serious due diligence and background work, Powell said

Bitwise is incredibly thorough and this process involved working with their operations team, their legal and compliance team, their risk team, as well as tax advisors

It was about 12 months of discussions and work in the background between our teams to pull this together

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