Bitwise Asset Management, Inc., the global crypto asset manager with over $15 billion in client assets, today announced the acquisition of Chorus One, an institutional staking provider with over $2.2 billion in staked assets.
Chorus One will become a part of Bitwise Onchain Solutions (“BOS”), the staking division of Bitwise, which supports several billion dollars in staked crypto assets. BOS primarily serves institutional investors, family offices, and financial platforms that value the combination of Bitwise's fiduciary approach, track record of reliability, and native technical expertise. The acquisition accelerates BOS's capabilities, including:
- Expanded staking capabilities on over 30 proof-of-stake networks, including Solana, Hyperliquid, Monad, Avalanche, Sui, NEAR, Aptos, Tezos, TON, and others
- Addition of 60 experienced technology professionals
- Research coverage for clients on protocol and governance developments
For our clients who hold spot crypto assets, staking represents a potential growth area, said Bitwise CEO Hunter Horsley. I'm thrilled about this acquisition and grateful to the Chorus One team for the trust placed in us. We believe Chorus One has strong capabilities in technology and research, with an eight-year track record. We look forward to integrating their capabilities with Bitwise Onchain Solutions.
Since its inception in 2018, Chorus One's team of infrastructure experts and researchers has built relationships with a global client base, including family offices, high-net-worth individuals, funds, traditional financial institutions, exchanges, custodians, and decentralized protocols.
The Chorus One team shares our commitment to technical rigor, open-source contribution, and deep research, said Bitwise Chief Technology Officer Hong Kim. With the foundation of Bitwise Onchain Solutions already in place, the integration of Chorus One is expected to enhance our capabilities to serve clients and our commitment to industry-leading infrastructure and research.
Chorus One was built on the idea that investors deserve secure, professional access to the entire Proof-of-Stake landscape, said Chorus One CEO and Co-founder Brian Crain. We started with a belief that Proof-of-Stake would become the foundation of the digital economy. As we've grown to support over 50 networks, our core focus has always been on reliability, security, and performance. Joining Bitwise is a natural evolution; they share our focus on meeting the sophisticated needs of investors. We look forward to continuing our work in the onchain economy as part of this established firm.
The core Chorus One team will join Bitwise, while Co-founder Brian Crain will join in an advisory role. With this acquisition, Bitwise now has nearly 200 employees worldwide, expanding its presence in the digital asset space.
Keefe, Bruyette & Woods (KBW) served as exclusive financial advisor to Chorus One for this acquisition.
About Bitwise
Bitwise is a crypto specialist asset manager with over $15 billion in client assets. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with us to understand and access the opportunities in crypto. Since 2017, Bitwise has been managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies – spanning both the U.S. and Europe.
Media contacts:
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