Bitwise acquires Chorus One to expand its staking business.

Bitwise announced the acquisition of Chorus One, an institutional staking service provider, to expand its staking business across more than 30 proof-of-stake blockchains. The specific acquisition amount was not disclosed. Chorus One manages approximately $2.2 billion in staked assets and will be integrated into Bitwise Onchain Solutions, a subsidiary serving institutional investors, family offices, and financial platforms. This acquisition will enhance Bitwise's staking capabilities and research coverage on chains such as Solana, Hyperliquid, Monad, Avalanche, Sui, NEAR, Aptos, Tezos, and TON. The terms of the transaction were not disclosed. Approximately 50 members of Chorus One's core team have joined Bitwise, and co-founder Brian Crain has been appointed as an advisor to Bitwise. (The Block)