Bitwise Boosts Staking Capabilities with Chorus One Acquisition

Bitwise Asset Management has made a significant move in the crypto industry by acquiring Chorus One, a leading staking infrastructure firm. This acquisition expands Bitwise's multichain staking capabilities and adds technical staff to its ranks. The deal also deepens Bitwise's role in onchain infrastructure.

The addition of Chorus One brings over $2.2 billion in staked assets to Bitwise, making it a major player in the staking space. With this acquisition, Bitwise aims to build a more comprehensive staking solution for its clients. The company has been expanding its services beyond asset management and into onchain infrastructure.

The trend of asset managers building or buying infrastructure that underpins digital assets is becoming increasingly popular. This move reflects the growing demand from institutional investors for secure and compliant ways to earn staking rewards without running infrastructure themselves.