Crypto asset manager Bitwise will acquire staking services firm Chorus One, Cointelegraph reported on Tuesday.
Chorus One manages more than $2.2 billion in staked assets. The acquisition will expand Bitwise's staking capabilities across more than 30 blockchains including Solana, Avalanche and Tezos.
Some 50 Chorus One employees will join Bitwise Onchain Solutions. Chorus One CEO Brian Crain will take an advisory role. Bitwise currently manages more than $15 billion in assets and runs a range of crypto investment products including its Bitcoin ETF (BITB) and Ethereum ETF (ETHW).
Bitwise CEO Hunter Horsley (헌터 호슬리) said, "Staking is one of the most attractive growth opportunities in the crypto market," adding, "Through this acquisition, we will provide customers with more investment options."
Chi-gyu Hwang
delight@d-today.co.kr