Bitwise's on-chain staking division is developing and maintaining software for the Ethereum Foundation's staking program.

Jinse Finance reported that crypto asset management company Bitwise Asset Management announced today that its on-chain staking division, Bitwise Onchain Solutions (BOS), is developing and maintaining software for the Ethereum Foundation's treasury staking program. The Ethereum Foundation has announced that it has begun staking a portion of its treasury funds to generate rewards. The foundation initially deposited 2,016 ETH and ultimately plans to stake approximately 70,000 ETH (worth over 140 millions USD at current prices) using professional-grade open-source software tools Dirk and Vouch.