Bitwise Asset Management has taken a significant step in the cryptocurrency space by acquiring Chorus One, a provider of institutional staking infrastructure. This acquisition aims to broaden Bitwise”s offerings in yield-generating services for clients who hold spot digital assets.
The details regarding the financial terms of the acquisition remain undisclosed. However, Bitwise CEO Hunter Horsley expressed that the firm recognizes staking as an increasingly vital area of interest among its clients, especially as more investors directly manage their spot crypto assets. He emphasized that staking presents a critical opportunity for generating yield within digital asset portfolios.
This acquisition is part of a larger strategy by Bitwise to expand its portfolio beyond traditional single-product crypto funds. Recently, the firm also launched model portfolio solutions tailored for financial advisors looking to diversify digital asset allocations across various risk profiles.
Chorus One is notable for its operations in blockchain staking infrastructure, overseeing approximately $2.2 billion in staked assets. The company provides validator services across multiple proof-of-stake networks, catering specifically to institutional clients.
Both Bitwise and Chorus One have not provided further details regarding the transaction when approached for comments. This acquisition highlights a broader trend of consolidation among crypto infrastructure providers as asset managers seek to gain tighter control over yield, custody services, and operational reliability.
