- Bitwise acquires Chorus One and adds 2.2 billion dollars in staked crypto assets.
- The deal expands Bitwise staking services across more than 30 proof of stake networks.
- 50 Chorus One employees will join Bitwise to strengthen in house validator operations.
Crypto asset manager Bitwise has acquired staking infrastructure firm Chorus One. The deal adds more than $2.2 billion in staked assets to Bitwise’s platform. Bitwise confirmed that 50 Chorus One employees will join Bitwise Onchain Solutions. The companies did not disclose the financial terms of the transaction.
The integration strengthens Bitwise’s direct control over validator operations. It also expands its internal staking infrastructure across multiple networks. Bitwise already manages several billion dollars in staked crypto assets. Now, it deepens that exposure through in-house technical capacity.
Staking Push Aligns With Product Expansion
Bitwise manages more than $15 billion in assets across over 40 investment products. The firm operates exchange-traded funds tied to major digital assets. Its flagship Bitcoin ETF, BITB, has attracted over $2 billion in flows since launch. Its Ethereum ETF, ETHW, has drawn about $387 million in investor capital.
The company also offers the Solana Staking ETF, BSOL. In addition, it lists products linked to XRP, Chainlink, and Dogecoin. Staking allows token holders to lock assets on a blockchain and earn rewards. Annual returns typically range between 2% and 10%, depending on the network.
Regulatory momentum has supported broader crypto investment structures. The US Securities and Exchange Commission has shown openness to expanded crypto products. That shift may allow asset managers to introduce more yield-linked strategies. Bitwise’s acquisition positions it to structure such offerings internally.
Chorus One Adds Multi-Chain Infrastructure
Chorus One supports staking across more than 30 proof-of-stake blockchains. These networks include Solana, Hyperliquid, Monad, Avalanche, Sui, Aptos, and Tezos. The company has operated staking infrastructure since 2018. Its clients include financial institutions, custodians, exchanges, funds, and decentralized protocols.
Chorus One CEO Brian Crain will take on an advisory role at Bitwise. The broader Chorus One team will integrate into existing Bitwise operations. Following the deal, Bitwise’s global workforce will approach 200 employees.
The acquisition reflects how asset managers increasingly build internal blockchain infrastructure. Firms are competing not only on products but also on operational depth. Bitwise’s expansion into validator services reinforces that strategy within the digital asset market.
