Crypto.com and Canary Capital Group LLC have teamed up to launch the Canary CRO Trust. This private investment vehicle will allow accredited U.S. investors to gain exposure to CRO, the native token of the Cronos network.
The announcement came via a blog post, highlighting that the new trust offers a clear and regulated way to hold CRO through a securities product. This move furthers Crypto.com’s goal of opening up the digital asset world to mainstream investors.
Tracking CRO Through a Registered Trust
The Canary CRO Trust is designed to mirror the market price of CRO. By doing so, U.S. investors can invest in CRO without needing to navigate unregulated exchanges or manage private wallets.
Instead, they will hold shares in a trust that directly tracks the token’s market value. This structure ensures transparency and simplicity, meeting regulatory requirements while broadening access to Cronos’ growing ecosystem.
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Quotes from Key Executives
In the announcement, Steven McClurg, CEO of Canary Capital, praised Crypto.com’s role in bringing institutional-grade access to crypto markets. He pointed to Crypto.com’s track record in security and innovation.
According to McClurg, demand for CRO via a registered trust will reflect Crypto.com’s broader success and the strength of the Cronos network.
Eric Anziani, President and COO of Crypto.com, emphasised the importance of providing more channels for traders to engage with digital assets.
Anziani said that partnering with Canary Capital aligns with Crypto.com’s vision to mainstream cryptocurrency. By offering a regulated vehicle for CRO, the platform hopes to invite more investors to the Cronos journey.
Cronos Network Overview
Cronos is an open-source, decentralised blockchain built on the Cosmos SDK. It is compatible with the Ethereum Virtual Machine, which means developers can use existing Ethereum tools and tap into the Cosmos ecosystem.
Because of this dual compatibility, Cronos attracts a diverse range of decentralised applications and protocols. The network also focuses on keeping transaction fees low and offering high scalability. These factors make Cronos popular among developers and users who want low-cost, fast transactions.
Expansion of Crypto.com’s U.S. Offerings
The Canary CRO Trust marks Crypto.com’s latest push to broaden U.S. investor access to digital assets through regulated securities. Earlier, Crypto.com had announced a partnership with Trump Media & Technology Group to support ETFs.
Among these funds is a unique ETF basket of cryptocurrencies that includes CRO. This collaboration with Canary Capital now adds a simple way to hold CRO directly, without needing to own the token itself.
Dubai Partnership and Global Vision
In other news, the government of Dubai has partnered with Crypto.com to accept cryptocurrency payments for government services. This agreement fits within the UAE’s broader aim to become a global hub for blockchain innovation and financial technology.
By integrating crypto payments for fees and services, Dubai signals its openness to digital assets.
Litecoin ETF Filing and Industry Impact
Meanwhile, Canary Capital has filed for a Litecoin ETF with the U.S. SEC. Litecoin founder Charlie Lee expressed optimism about the ETF’s chances of approval.
If granted, the Litecoin ETF would offer U.S. investors another regulated way to hold a major digital asset. The filing demonstrates a growing confidence among crypto firms that the SEC may soon greenlight more digital asset ETFs.
By launching the Canary CRO Trust, Crypto.com and Canary Capital have created a straightforward path for U.S. investors to access CRO and the Cronos network through a regulated product.
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