Key Takeaways
- • Bitwise Asset Management has acquired Chorus One, an institutional staking provider managing $2.2 billion in staked assets, significantly expanding its Bitwise Onchain Solutions division, which now supports several billion dollars across proof-of-stake networks.
- • The acquisition brings 50 experienced technology professionals to Bitwise and extends staking support across more than 30 proof-of-stake networks, including Solana, Hyperliquid, Monad, Avalanche, Sui, NEAR, Aptos, Tezos, and TON.
- • Chorus One's infrastructure and research capabilities will enhance Bitwise's ability to serve institutional investors, family offices, and financial platforms seeking yield-generating digital asset strategies with fiduciary-grade operational standards.
- • The combined entity positions Bitwise—which manages over $15 billion in client assets—as a consolidated platform for institutional-grade staking services, with the company now employing nearly 200 people globally.
- • Chorus One's founding team will integrate into Bitwise, with CEO and Co-founder Brian Crain transitioning to an advisory role; Keefe, Bruyette & Woods served as exclusive financial advisor to Chorus One.
Summary
Bitwise Asset Management has acquired Chorus One, a Switzerland-based institutional staking provider, in a strategic move designed to consolidate its position in the crypto staking infrastructure space. The transaction brings $2.2 billion in managed staked assets under Bitwise's operational control and represents a significant deepening of the company's yield-generation capabilities for institutional clients.
Chorus One, founded in 2018, has developed a substantial client base encompassing family offices, high-net-worth individuals, traditional financial institutions, exchanges, custodians, and decentralized protocols. The firm's primary value proposition centers on reliability, security, and performance across the proof-of-stake ecosystem—a critical operational requirement for institutions entering digital asset yield strategies. The acquisition will integrate Chorus One's operations into Bitwise Onchain Solutions (BOS), Bitwise's dedicated staking division, which previously supported several billion dollars in staked assets independently.
The expanded platform now supports staking across more than 30 proof-of-stake networks, providing material breadth for institutional clients seeking diversified protocol exposure. The transaction adds 50 specialized technology professionals to Bitwise's workforce, bringing the firm's total headcount to nearly 200 globally. This human capital addition is particularly significant, as it strengthens Bitwise's native technical capabilities and research coverage on protocol governance—a critical information advantage for institutions managing substantial staking positions.
Bitwise, which currently manages over $15 billion in client assets, maintains a fiduciary-focused operational framework that aligns with institutional investor risk management standards. The integration of Chorus One's infrastructure expertise and client relationships creates a consolidated institutional staking platform positioned to serve the growing demand for compliant, operationally robust yield strategies in digital assets. Chorus One's founding team will transition into Bitwise, with CEO Brian Crain assuming an advisory capacity. Keefe, Bruyette & Woods served as exclusive financial advisor to Chorus One in the transaction.
Chorus One, founded in 2018, has developed a substantial client base encompassing family offices, high-net-worth individuals, traditional financial institutions, exchanges, custodians, and decentralized protocols. The firm's primary value proposition centers on reliability, security, and performance across the proof-of-stake ecosystem—a critical operational requirement for institutions entering digital asset yield strategies. The acquisition will integrate Chorus One's operations into Bitwise Onchain Solutions (BOS), Bitwise's dedicated staking division, which previously supported several billion dollars in staked assets independently.
The expanded platform now supports staking across more than 30 proof-of-stake networks, providing material breadth for institutional clients seeking diversified protocol exposure. The transaction adds 50 specialized technology professionals to Bitwise's workforce, bringing the firm's total headcount to nearly 200 globally. This human capital addition is particularly significant, as it strengthens Bitwise's native technical capabilities and research coverage on protocol governance—a critical information advantage for institutions managing substantial staking positions.
Bitwise, which currently manages over $15 billion in client assets, maintains a fiduciary-focused operational framework that aligns with institutional investor risk management standards. The integration of Chorus One's infrastructure expertise and client relationships creates a consolidated institutional staking platform positioned to serve the growing demand for compliant, operationally robust yield strategies in digital assets. Chorus One's founding team will transition into Bitwise, with CEO Brian Crain assuming an advisory capacity. Keefe, Bruyette & Woods served as exclusive financial advisor to Chorus One in the transaction.
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