Bitwise adds staking business through Chorus One acquisition
Bitwise Asset Management is expanding its footprint in cryptocurrency yield services with the acquisition of institutional staking provider Chorus One, a move that underscores growing demand for onchain income products as digital assets mature into a mainstream investment class.
The deal, confirmed by both companies in statements to Bloomberg News, will add a large-scale staking operation to Bitwise’s platform. Financial terms were not disclosed, but Chorus One currently has about $2.2 billion in assets staked across multiple decentralized networks, according to its website.
Bitwise adds staking as demand for yield grows
The acquisition marks a strategic step for Bitwise, one of the largest crypto asset managers, as it seeks to broaden offerings beyond passive exposure to digital assets. Staking allows holders to lock up tokens on proof-of-stake blockchains to help validate transactions and secure networks, earning rewards in return.
“For our thousands of clients who hold spot crypto assets, staking is one of the most compelling growth opportunities,” Bitwise Chief Executive Officer Hunter Horsley said.
Chorus One specializes in institutional-grade staking infrastructure, serving asset managers, exchanges and foundations that require robust custody, security and compliance standards. By integrating Chorus One, Bitwise aims to provide clients with a more seamless way to generate yield on assets they already hold, rather than relying on external providers.
The move comes as staking has gained prominence alongside the rise of proof-of-stake networks such as Ethereum and Solana, and as investors increasingly seek returns beyond price appreciation.
Industry consolidation accelerates
The acquisition also reflects a broader consolidation trend across the crypto industry. According to digital asset advisory firm Architect Partners, crypto-related mergers and acquisitions surged to a record $37 billion in 2025, helped by improving market conditions and renewed dealmaking appetite following Donald Trump’s return to the White House.
Chorus One Chief Executive Officer Brian Fabian Crain framed the deal as part of that natural evolution. “Over time, it became clear that an inevitable phase of consolidation was coming to large parts of the crypto industry,” he said. “It was also clear that staking is best integrated in a larger platform.”
Recent transactions highlight that trend. Last month, staking services provider Stakin was acquired by crypto data platform The Tie, further signaling how infrastructure players are combining to capture institutional flows.
Read also: Aave Labs ends Family wallet support and drops Avara brand
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