- Bitwise has acquired staking infrastructure firm Chorus One, bringing over $2.2 billion in staked assets to its platform.
- The deal expands Bitwise’s staking services to more than 30 proof-of-stake blockchains, including Solana, Avalanche, and Aptos.
- Bitwise manages over $15 billion in assets, with its Bitcoin and Ethereum ETFs attracting major investor inflows.
- 50 employees from Chorus One will join Bitwise Onchain Solutions, including CEO Brian Crain in an advisory role.
Crypto asset manager Bitwise announced on Tuesday it has acquired staking services pioneer Chorus One, a strategic move poised to diversify its product suite as regulatory support grows. The acquisition, according to the company, integrates a firm overseeing more than $2.2 billion in staked assets into Bitwise’s operations.
Consequently, 50 employees from Chorus One will join Bitwise Onchain Solutions. Bitwise CEO Hunter Horsley stated staking remains “one of the most compelling growth opportunities” for its client base. The deal significantly broadens the company’s reach across more than 30 proof-of-stake blockchains like Solana and Avalanche.
Chorus One has provided institutional staking infrastructure since 2018. Meanwhile, Bitwise now has nearly 200 employees globally managing over $15 billion in assets. As of February, its flagship Bitwise Bitcoin ETF (BITB) and Bitwise Ethereum ETF (ETHW) have accumulated over $2 billion and $387 million in flows, respectively. Staking allows token holders to earn annual rewards by securing blockchain networks.
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