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Bitwise’s acquisition of Chorus One expands the company’s staking capabilities to more than 30 blockchains, including Solana, Hyperliquid, Monad, Avalanche and Sui.Crypto asset manager Bitwise has acquired the staking services company Chorus One, which oversees more than $2.
2 billion in staked assets and could help Bitwise expand its portfolio of crypto staking products.on Tuesday that 50 of Chorus One’s employees will join Bitwise Onchain Solutions, where several billion dollars' worth of crypto assets are already staked. The acquisition could see Bitwise diversify its range of exchange-traded products, including staking, as the Securities and Exchange Commission has shown support for a broader range ofallows holders of crypto tokens to earn rewards, typically between 2% and 10% a year, by locking the tokens on a blockchain, providing investors with additional yield on top of potential appreciation of the underlying token.Bitwise CEO Hunter Horsley said staking remains “one of the most compelling growth opportunities” for its thousands of clients holding spot crypto assets.The Chorus One deal expands Bitwise’s staking capabilities on more than 30 proof-of-stake chains, including Solana, Hyperliquid, Monad, Avalanche, Sui, Aptos and Tezos.Chorus One has provided crypto staking infrastructure services since 2018 for finance firms, family offices, high-net-worth individuals, custodians, funds, exchanges and decentralized protocols. Bitwise said the Chorus One team would join Bitwise, including Chorus One CEO Brian Crain, who will take on an advisory role.DAT panic dumps 73,000 ETH, India’s crypto tax stays: Asia Express Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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