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Bitwise Acquires Chorus One to Scale Institutional Staking Across 30+ Networks

The deal positions the crypto manager to capture growing yield demand from institutions following spot ETF approvals.

Overview

  • The purchase adds more than $2.2 billion in staked assets under Bitwise Onchain Solutions.
  • Chorus One’s infrastructure brings coverage across Solana, Avalanche, Sui, NEAR, Aptos, Tezos, TON, and other proof-of-stake chains.
  • About 60 technology specialists from Chorus One will join Bitwise, lifting total headcount to nearly 200 worldwide.
  • Co-founder Brian Crain shifts to an advisory role as the core team integrates into Bitwise’s staking division.
  • The acquisition follows Bitwise’s recent partnership with Kraken Institutional on a tailored yield strategy for managed crypto portfolios.