TechFlow reports that on February 25, according to Cointelegraph, crypto asset management firm Bitwise has acquired staking services provider Chorus One—which manages over $2.2 billion in staked assets—potentially expanding Bitwise’s crypto staking product suite.
This acquisition will extend Bitwise’s staking capabilities across more than 30 blockchain networks, including Solana, Hyperliquid, Monad, Avalanche, and Sui. Chorus One’s 50 employees will join Bitwise Onchain Solutions, the division already managing billions of dollars in staked crypto assets.
Bitwise CEO Hunter Horsley stated that staking remains “one of the most attractive growth opportunities” for its thousands of clients holding spot crypto assets. Staking enables crypto token holders to earn annualized rewards of 2% to 10% by locking up their tokens.
