Odaily Planet Daily reports that Bitwise has announced the acquisition of institutional staking service provider Chorus One to expand its staking operations on over 30 proof-of-stake chains. The specific acquisition amount has not been disclosed. Chorus One manages approximately $2.2 billion in staked assets and will be integrated into Bitwise Onchain Solutions, a subsidiary, to serve institutional investors, family offices, and financial platforms. This acquisition will enhance Bitwise’s staking capabilities and research coverage on chains such as Solana, Hyperliquid, Monad, Avalanche, Sui, NEAR, Aptos, Tezos, TON, and others. The terms of the deal were not disclosed, and about 50 core members of Chorus One will join Bitwise. Co-founder Brian Crain has been appointed as an advisor to Bitwise. (The Block)
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