Bitwise Asset Management, a crypto asset management company that manages over $15 billion in customer assets, today announced that it has acquired Corus One, a staking infrastructure provider founded in 2018. The transaction adds more than $2.2 billion in staking assets to the company’s portfolio.
Chorus One will be incorporated into Bitwise Onchain Solutions, the company’s institutional staking division. The combined operation will provide staking services across more than 30 proof-of-stake networks and add 50 technology specialists to the team.
“For the thousands of customers who hold spot crypto assets, staking is one of the most attractive growth opportunities,” Bitwise CEO Hunter Horsley said.
The acquired company has developed the infrastructure that supports several major blockchain ecosystems, including Solana, Avalanche, Sui, NEAR, Aptos, Tezos, and TON. Its client roster spans investment funds, exchanges, custodians, and decentralized protocols.
Chorus One CEO Brian Crain plans to transition into an advisory function as his technical team integrates with Bitwise.
With this transaction, Bitwise is positioned to take advantage of the growing appetite among institutional investors for yield-producing crypto strategies. Ever since U.S. regulators gave the green light to crypto exchange-traded funds, demand has accelerated, with holders of idle digital assets seeking returns.
Founded in 2017 as a pioneer in cryptocurrency index funds, Bitwise now operates as a vertically integrated company encompassing ETFs, blockchain infrastructure, and staking services. After the acquisition, the number of employees grew to nearly 200 people.
Earlier this month, the company partnered with Kraken Institutional to roll out a customized yield strategy for managed crypto portfolios.
