Key Takeaways
- • Bitwise Asset Management, which manages over $15 billion in client assets according to the announcement, acquired Chorus One, a institutional staking provider with over $2.2 billion in staked assets.
- • Chorus One joins Bitwise Onchain Solutions (BOS), Bitwise's staking division, which supports several billion dollars in staked crypto assets and primarily serves institutional investors, family offices and financial platforms.
- • The acquisition expands BOS's staking coverage to more than 30 proof-of-stake networks, including Solana, Hyperliquid, Monad, Avalanche, Sui, NEAR, Aptos, Tezos and TON, and adds 50 technology professionals.
- • The core Chorus One team will join Bitwise, with co-founder and CEO Brian Crain taking an advisory role; Bitwise will have nearly 200 employees worldwide after the deal.
- • Keefe, Bruyette & Woods (KBW) served as exclusive financial advisor to Chorus One, and Latham & Watkins advised Bitwise on the transaction.
Summary
Bitwise Asset Management announced on February 24, 2026 that it has acquired Chorus One, a leading institutional staking provider with over $2.2 billion in staked assets. Chorus One has joined Bitwise Onchain Solutions (BOS), the firm's staking division, which supports several billion dollars in staked crypto assets. BOS primarily serves institutional investors, family offices and financial platforms, and the company says the combination brings together Bitwise's fiduciary approach and reliability record with Chorus One's native technical expertise.
The acquisition expands BOS's capabilities in several areas. Staking coverage extends to more than 30 proof-of-stake networks, including Solana, Hyperliquid, Monad, Avalanche, Sui, NEAR, Aptos, Tezos and TON. The deal also adds 50 experienced technology professionals and strengthens the firm's research offering on protocol and governance developments for clients.
Bitwise CEO Hunter Horsley said staking is one of the most compelling growth opportunities for the firm's thousands of clients who hold spot crypto assets, describing Chorus One as best-in-class across technology and research. Chorus One, founded in 2018, counts family offices, high-net-worth individuals, funds, traditional financial institutions, exchanges, custodians and decentralized protocols among its clients. Chief Technology Officer Hong Kim cited shared commitments to technical rigor and open-source contribution, and Chorus One CEO and co-founder Brian Crain said joining Bitwise was a natural evolution.
The core Chorus One team will join Bitwise, while Crain will serve in an advisory role. Following the transaction, Bitwise will have nearly 200 employees worldwide. The firm describes itself as managing $9 billion in client assets in its boilerplate, a figure that differs from the $15 billion cited in the acquisition announcement. Keefe, Bruyette & Woods (KBW) acted as exclusive financial advisor to Chorus One.
The acquisition expands BOS's capabilities in several areas. Staking coverage extends to more than 30 proof-of-stake networks, including Solana, Hyperliquid, Monad, Avalanche, Sui, NEAR, Aptos, Tezos and TON. The deal also adds 50 experienced technology professionals and strengthens the firm's research offering on protocol and governance developments for clients.
Bitwise CEO Hunter Horsley said staking is one of the most compelling growth opportunities for the firm's thousands of clients who hold spot crypto assets, describing Chorus One as best-in-class across technology and research. Chorus One, founded in 2018, counts family offices, high-net-worth individuals, funds, traditional financial institutions, exchanges, custodians and decentralized protocols among its clients. Chief Technology Officer Hong Kim cited shared commitments to technical rigor and open-source contribution, and Chorus One CEO and co-founder Brian Crain said joining Bitwise was a natural evolution.
The core Chorus One team will join Bitwise, while Crain will serve in an advisory role. Following the transaction, Bitwise will have nearly 200 employees worldwide. The firm describes itself as managing $9 billion in client assets in its boilerplate, a figure that differs from the $15 billion cited in the acquisition announcement. Keefe, Bruyette & Woods (KBW) acted as exclusive financial advisor to Chorus One.
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