Bitwise Asset Management is set to acquire Chorus One, a company specializing in institutional crypto staking services, Bloomberg reports. The financial details of the transaction have not been made public by either party.
Chorus One provides staking infrastructure that supports various blockchain networks, catering primarily to institutional clients. This acquisition is expected to enhance Bitwise’s offerings in the crypto asset management space.
**Why this matters**
The acquisition reflects growing interest among asset managers in expanding their capabilities within the decentralized finance and staking sectors. By integrating Chorus One’s technology and expertise, Bitwise aims to strengthen its position in the evolving crypto market and provide more comprehensive services to institutional investors.
Source: NewsData