Key Takeaways
- • Bitwise Asset Management, a global crypto asset manager with over US$15 billion in client assets, has acquired Chorus One, an institutional staking provider with over US$2.2 billion in staked assets.
- • Latham & Watkins LLP advised Bitwise on the transaction, with a multidisciplinary team spanning corporate, fintech regulatory, tax, intellectual property, data privacy, sanctions, antitrust/FDI, and anti-bribery matters.
- • The corporate team was led by Bay Area partners Saad Khanani and Benjamin Potter and New York partner Daniel Mun.
- • The deal was announced by Latham & Watkins on February 24, 2026, per the firm's published 'Our Work' notice.
Summary
Bitwise Asset Management, which describes itself as a global crypto asset manager with over US$15 billion in client assets, has acquired Chorus One, a leading institutional staking provider with over US$2.2 billion in staked assets, according to a February 24, 2026 announcement published by Latham & Watkins LLP. The publisher's notice does not disclose the purchase price or other deal terms.
Latham & Watkins represented Bitwise in the transaction. The corporate team was led by Bay Area partners Saad Khanani and Benjamin Potter and New York partner Daniel Mun, supported by associates Taylor Wood, Gabe Marx, and Owen Brody. Additional advice was provided by specialist teams covering fintech regulation (London partner Gabriel Lakeman and New York partner Jenny Cieplak), compensation and benefits (Bay Area partner Ashley Wagner), tax, intellectual property (Orange County/Los Angeles partner Ghaith Mahmood), data privacy and cybersecurity (Houston/Austin partner Robert Brown), sanctions (London partner Robert Price), antitrust and foreign direct investment (Hamburg partner Jana Dammann and Brussels partner Luca Crocco), and anti-bribery and anti-corruption (London partner Clare Nida).
The breadth of the advisory team, particularly the fintech regulatory, sanctions, and FDI workstreams, reflects the regulatory scrutiny typically associated with acquisitions of crypto infrastructure providers that operate across multiple jurisdictions.
Latham & Watkins represented Bitwise in the transaction. The corporate team was led by Bay Area partners Saad Khanani and Benjamin Potter and New York partner Daniel Mun, supported by associates Taylor Wood, Gabe Marx, and Owen Brody. Additional advice was provided by specialist teams covering fintech regulation (London partner Gabriel Lakeman and New York partner Jenny Cieplak), compensation and benefits (Bay Area partner Ashley Wagner), tax, intellectual property (Orange County/Los Angeles partner Ghaith Mahmood), data privacy and cybersecurity (Houston/Austin partner Robert Brown), sanctions (London partner Robert Price), antitrust and foreign direct investment (Hamburg partner Jana Dammann and Brussels partner Luca Crocco), and anti-bribery and anti-corruption (London partner Clare Nida).
The breadth of the advisory team, particularly the fintech regulatory, sanctions, and FDI workstreams, reflects the regulatory scrutiny typically associated with acquisitions of crypto infrastructure providers that operate across multiple jurisdictions.
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