TLDR
Bitwise adds $2.2B in staked assets through Chorus One acquisition.
Combined firm supports staking on more than 30 PoS networks.
Deal brings 50 technology specialists into Bitwise Onchain Solutions.
Bitwise manages over $15B in client crypto assets.
Bitwise Asset Management has acquired Chorus One to expand its institutional staking business. The deal adds more than $2.2 billion in staked assets and strengthens its proof of stake infrastructure.
Bitwise manages over $15 billion in client crypto assets. With this acquisition, the firm increases its presence in institutional staking and blockchain infrastructure services.
Expansion of Institutional Staking Operations
Chorus One will become part of Bitwise Onchain Solutions, the firm’s institutional staking division. The combined operation will provide staking services across more than 30 proof of stake networks.
The acquisition brings 50 technology specialists into the organization. These employees will support validator operations and infrastructure development. The integration is expected to increase operational scale and technical coverage.
Bitwise CEO Hunter Horsley said, “For our thousands of clients who hold spot crypto assets, staking is one of the most compelling growth opportunities.” His statement reflects the company’s focus on yield services for digital asset holders.
Chorus One was founded in 2018 and has built validator infrastructure across multiple blockchain ecosystems. These include Solana, Avalanche, Sui, NEAR, Aptos, Tezos, and TON. The company serves investment funds, exchanges, custodians, and decentralized protocols.
Rising Institutional Demand for Staking
The acquisition comes during a period of growing institutional interest in crypto yield strategies. Demand has increased since U.S. regulators approved spot crypto exchange-traded funds.
Spot ETF approvals have enabled more institutions to gain exposure to digital assets. As a result, many asset holders are exploring staking to generate returns on idle tokens.
Staking allows token holders to support blockchain network operations and receive rewards. Proof of stake networks rely on validators to secure transactions. Institutional clients often require secure and compliant infrastructure to participate.
By acquiring Chorus One, Bitwise expands its validator footprint and service capacity. The firm can now offer broader staking access to its institutional client base.
Integration and Leadership Transition
Chorus One CEO Brian Crain will move into an advisory role. His technical team will integrate with Bitwise’s existing staff. The combined workforce now approaches 200 employees.
Bitwise was founded in 2017 as a crypto index fund provider. Over time, it expanded into exchange-traded funds and blockchain infrastructure services. The company now operates as a vertically integrated digital asset manager.
The addition of Chorus One supports Bitwise’s strategy to combine asset management with onchain services. It also aligns with the company’s earlier partnership with Kraken Institutional. That partnership introduced a tailored yield strategy for managed crypto portfolios.
With the acquisition completed, Bitwise strengthens its position in institutional staking. The expanded infrastructure and workforce support services across a wide range of proof of stake networks. The transaction increases total staked assets under its platform and broadens its technical capabilities.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
