Bitwise acquires Chorus One, expands staking services

Bitwise acquired Chorus One, adding $2.2B in staked assets and expanding support to 30+ networks. Fifty Chorus One professionals join Bitwise, boosting institutional staking capabilities.

Bitwise Asset Management has finalized the acquisition of Chorus One, a prominent institutional staking service provider managing over $2.2 billion in staked assets. This strategic move brings Chorus One under Bitwise Onchain Solutions, significantly expanding Bitwise’s staking capabilities across more than 30 proof-of-stake networks, including Solana, Avalanche, Sui, NEAR, Aptos, Tezos, and TON. As part of the deal, fifty experienced professionals from Chorus One will join Bitwise, enhancing its technical expertise and increasing its workforce. The integration allows Bitwise to offer direct staking infrastructure, better align validator operations with institutional standards, and clarify the separation between infrastructure and asset custody. This acquisition is expected to accelerate the development of staking-enabled products, such as potential staked ETFs, while improving control over rewards, fees, and service quality. With over $15 billion in client assets under management, Bitwise aims to strengthen its leadership in the institutional crypto market by providing comprehensive staking services and in-depth research coverage.