Bitwise acquires Chorus One to expand crypto staking services, adding employees, boosting network coverage, and strengthening institutional yield strategies globally today.
Bitwise has acquired Chorus One, strengthening its crypto staking business and expanding institutional blockchain services worldwide. The acquisition adds the scale, expertise and wider network coverage to Bitwise’s growing onchain operations. Consequently, the move focuses on rising institutional demand for secure, yield-generating crypto infrastructure solutions.
Bitwise Expands Staking Reach Through Chorus One Deal
Chorus One is responsible for over $2.2B of staked digital assets across multiple proof-of-stake networks worldwide. Meanwhile, Bitwise oversees more than $15B total client assets across ETFs and crypto investment products. Therefore, the transaction adds a great amount to Bitwise’s staking capacity and operational capabilities.
Bitwise reaffirmed the acquisition announcement with a public update posted by CEO Hunter Horsley. Additionally, the company explained that Chorus One is now under the purview of Bitwise Onchain Solutions, the division of the company that focuses on staking.
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Furthermore, Bitwise Onchain Solutions now supports staking activities in over 30 blockchain networks around the globe. For example, supported ecosystems are Solana, Avalanche, Sui, TON, and Aptos. As a result, institutional clients benefit from diversified staking opportunities on leading proof-of-stake platforms.
The company also revealed that 50 Chorus One employees became Bitwise employees after this acquisition was completed. Meanwhile, Bitwise’s overall team has expanded to almost 200 blockchain and digital asset professionals. Thus, the integration enhances engineering, security, and validator operations competence.
Leadership Transition Signals Strategic Integration Phase
Chorus One CEO Brian Crain has switched to an advisory role in the integration process. Moreover, Bitwise focused on continuity and collaboration between both leadership teams during operational alignment. Therefore, the shift takes care to ensure the strategic guidance while core teams integrate the workflows.
Bitwise called the acquisition part of a larger institutional yield and infrastructure strategy. Already, the firm has launched yield-focused products, such as curated vault strategies linked to decentralized finance protocols. As a result, the Chorus One deal is a complement to Bitwise’s evolving product expansion roadmap.
Apart from that, the aim of Bitwise is to provide clients with passive ETF exposure and active participation in the blockchain. In contrast to the conventional investment structures, staking allows investors to secure networks while receiving rewards.
Industry participants consider staking an important part of proof-of-stake blockchain security and decentralization. Meanwhile, institutions increasingly are looking for regulated, professional staking providers to manage operational risks. Therefore, acquisitions such as these are indicative of larger maturation in digital asset financial services.
Bitwise said some staked assets within Onchain Solutions already amount to several billion dollars at the global level. Furthermore, Chorus One’s validator infrastructure promotes network reliability, uptime performance, and reward optimization. As a result, Bitwise gains a strong reputation among institutional clients of digital assets.
Ultimately, the acquisition signals Bitwise’s commitment to long-term strategies on blockchain infrastructure and yield generation. Moreover, the move comes with the increasing investor interest in diversified crypto income products. For now, Bitwise continues to expand services that bridge the traditional financial and decentralization networks.
Source: https://www.livebitcoinnews.com/bitwise-acquires-chorus-one-in-2-2b-staking-expansion/
