Bitwise Acquires Chorus One to Expand Staking Business

Odaily News Bitwise announced that it has acquired institutional staking service provider Chorus One to expand its staking business across more than 30 proof-of-stake chains. The specific acquisition amount has not been disclosed. Chorus One manages approximately $2.2 billion in staked assets and will be integrated into Bitwise's subsidiary, Bitwise Onchain Solutions, to serve institutional investors, family offices, and financial platforms. This acquisition will enhance Bitwise's staking capabilities and research coverage on chains such as Solana, Hyperliquid, Monad, Avalanche, Sui, NEAR, Aptos, Tezos, and TON. The terms of the transaction were not disclosed. Approximately 50 core team members from Chorus One will join Bitwise, and co-founder Brian Crain has been appointed as an advisor to Bitwise. (The Block)