Bitwise Asset Management, a global crypto asset manager with more than $15 billion in client assets, announced it has acquired Chorus One, an institutional staking provider with over $2.2 billion in staked assets, in a move designed to significantly expand the capabilities of its staking division, Bitwise Onchain Solutions.
Chorus One has joined Bitwise Onchain Solutions, which supports several billion dollars in staked crypto assets and primarily serves institutional investors, family offices, and financial platforms. The division combines Bitwise’s fiduciary approach and operational track record with native technical expertise, and the acquisition is expected to accelerate its growth across multiple dimensions.
With the addition of Chorus One, Bitwise Onchain Solutions expands staking support to more than 30 proof-of-stake networks, including Solana, Hyperliquid, Monad, Avalanche, Sui, NEAR, Aptos, Tezos, and TON, among others. The deal also brings 50 experienced technology professionals into Bitwise and enhances research coverage for clients on protocol and governance developments.
Founded in 2018, Chorus One has built a global client base that includes family offices, high-net-worth individuals, funds, traditional financial institutions, exchanges, custodians, and decentralized protocols. Its infrastructure experts and researchers have focused on reliability, security, and performance across the evolving proof-of-stake landscape.
As part of the transaction, the core Chorus One team will join Bitwise, while CEO and Co-founder Brian Crain will transition into an advisory role. Following the acquisition, Bitwise now employs nearly 200 people worldwide, further strengthening its position in the digital asset sector.
Keefe, Bruyette & Woods – A Stifel Company served as exclusive financial advisor to Chorus One in the transaction.
About Bitwise
Bitwise Asset Management is a global crypto asset manager with more than $15 billion in client assets and over 40 investment products, including ETFs, separately managed accounts, private funds, hedge fund strategies, and staking solutions. The firm serves more than 5,000 private wealth teams, RIAs, family offices, and institutional investors, along with 21 banks and broker-dealers. Backed by leading institutional investors, Bitwise operates offices in San Francisco, New York, and London.
KEY QUOTES
“For our thousands of clients who hold spot crypto assets, staking is one of the most compelling growth opportunities. I’m thrilled about this acquisition and grateful to the Chorus One team for the trust placed in us. Chorus One is best-in-class across technology and research, with an eight-year track record of doing things the right way. We’re excited to add their capabilities to the value that Bitwise Onchain Solutions can create for clients.”
Hunter Horsley, CEO, Bitwise Asset Management
“The Chorus One team shares our commitment to technical rigor, open-source contribution, and deep research. With the foundation of Bitwise Onchain Solutions already in place, the integration of Chorus One will be a massive leap forward in our capabilities to serve clients and our commitment to industry-leading infrastructure and research.”
Hong Kim, Chief Technology Officer, Bitwise Asset Management
“Chorus One was built on the idea that investors deserve secure, professional access to the entire Proof-of-Stake landscape. We started with a belief that Proof-of-Stake would become the foundation of the digital economy. As we’ve grown to support over 30 networks, our core focus has always been on reliability, security, and performance. Joining Bitwise is a natural evolution; they share our DNA of excellence and our focus on meeting the sophisticated needs of investors. We’re thrilled to continue building the future of the onchain economy as part of this world-class firm.”
Brian Crain, CEO And Co-founder, Chorus One
