Bitwise Reportedly Moves to Acquire Crypto Staking Firm Chorus One
Bitwise Asset Management has agreed to purchase Chorus One, a top provider of institutional staking services. This deal strengthens the crypto asset manager’s concentration on yield-focused strategies. was the first to announce the acquisition, and both businesses have now confirmed it.
It would put Chorus One’s operational infrastructure under Bitwise’s control. Chorus One presently manages about $2.2 billion in staked assets across several and offers Block confirmer services and staking answers to institutional clients. The deal’s financial details, like how much it costs and how it works, have not been made public.
Change in Strategy for Making Money
is part of a larger push to move beyond managing passive, single-asset crypto portfolios. The company manages more than $15 billion in client assets worldwide. It has been placing greater emphasis on income-producing positions that can turn spot holdings into assets that generate revenue.
Bitwise gets direct control over Block confirmer infrastructure by combining Chorus One’s staking operations. This makes it less reliant on third-party providers and better able to offer staking services in-house. This approach aligns with the growing demand from institutions for yield in crypto, as professional investors viewk returns better than those of traditional fixed income and equities.
In the last few months, Bitwise has already released several yield-focused answers. These include curated on-chain vault strategies that deploy capital into over-collateralized markets, yielding rates of up to 6% on USDC.
The company has also released model portfolio answers with seven risk-profile frameworks for digital assets. These are meant for financial advisers and institutional investors.
Chorus One’s Job and Place in the Market
Chorus One, which begined in Switzerland, is now a major player in institutional-grade staking. The company runs Block confirmer nodes and offers staking services on many . Most of its customers are sophisticated investors and institutions.
With $2.2 billion in assets under management, is an significant part of making numerous blockchains more secure and decentralized. Its infrastructure will now assist Bitwise reach its goal of offering clients more complete yield products directly.
Broader Industry Momentum
The deal comes at a time when institutional staking is growing rapidly. The global market for institutional staking services, which was worth a few billion dollars in 2024, is expected to rise at a double-digit compound annual growth rate through 2033, possibly reaching $18 billion.
There has been significant demand for staking on networks like ETH, as more institutions get involved. The acquisition shows how asset managers are responding to clients who want to combine crypto exposure with sustainable income.
Bitwise’s growth plan involves expanding into new areas. For example, they recently partnered with ING Germany and other companies in Europe to create crypto backed by cold-storage custody.
The purchase is still awaiting final regulatory clearances and formal closing. Still, it puts Bitwise among a small group of crypto-native companies creating large-scale end-to-end yield infrastructure. Bitwise is likely to roll out new products more rapidly and become more competitive in the evolving digital asset ecosystem once it adds Chorus One’s staking features.
