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WisdomTree Acquires Ceres Partners to Expand Custody and Tokenization Markets

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2025-10-02 11:39:34
Crypto ETF issuer WisdomTree announced that it has completed the acquisition of alternative asset manager Ceres Partners in a deal that will expand its business into exchange-traded products (ETPs), custody, and tokenization markets. The acquisition amount includes $275 million in cash and up to $225 million in profit consideration paid upon completion of the transaction.
(Note: Earnings consideration is a common valuation adjustment mechanism in acquisition transactions. After paying the basic consideration, the buyer can pay additional funds according to the completion of specific indicators by the target company. Unlike the betting agreement, earnings consideration adjustment focuses more on quantifiable objective data and reduces human intervention factors.)
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