Bitwise Acquires Institutional Grade Staking Service Provider Chorus One

BlockBeats News, February 25th, According to official sources, global crypto asset management firm Bitwise Asset Management (managing client assets exceeding $15 billion) announced today that it has acquired institutional staking services provider Chorus One, with the specific amount undisclosed for now. The latter currently manages staked assets exceeding $2.2 billion.

Chorus One has been integrated into Bitwise's staking business division, Bitwise Onchain Solutions (BOS). This division currently supports staking of assets worth tens of billions of dollars in crypto assets, primarily serving institutional investors, family offices, and financial platforms.

This acquisition will accelerate BOS's expansion capabilities, including: expanding staking support to over 30 PoS networks (including Solana, Avalanche, Sustain, NEAR, Aptos, Tezos, TON, etc.); adding 50 experienced technical professionals; and providing customers with leading protocol and governance development research coverage.