Crypto.com has partnered with Canary Capital Group to launch the Canary CRO Trust, marking the first U.S.-based investment product offering regulated exposure to the native Cronos (CRO) token. This private trust allows qualified U.S. investors to gain exposure to CRO through a regulated and secure investment vehicle without purchasing the token directly on exchanges.
The trust operates under U.S. compliance requirements, aiming to simplify investment processes and reduce operational burdens while ensuring regulatory alignment. Shares of the trust represent market movements of CRO tokens, providing an institutional-grade investment option. This initiative aligns with Crypto.com's broader strategy to integrate digital assets into conventional finance, following earlier collaborations involving ETFs with Trump Media & Technology Group and 21Shares.
Crypto.com President Eric Anziani emphasized the importance of regulated pathways to expand investor access and enhance confidence in digital asset offerings. The move toward regulated investment products like the Canary CRO Trust signals a growing shift in the crypto investment landscape toward institutional-grade tools, potentially encouraging broader adoption of digital assets among U.S. investors.
Despite the launch, CRO's price dipped about 6% in the past 24 hours but experienced a 50% increase in trading volume, indicating rising market interest. Technical analysis suggests CRO could target resistance levels at $0.108 and potentially $0.116 if volume continues to build.
The trust complements Crypto.com's expanding product roadmap, including plans for digital asset-focused ETFs pending regulatory approval. Overall, this development signifies a key step in bridging traditional finance with blockchain ecosystems, offering U.S. investors a regulated and simplified method to participate in the Cronos blockchain ecosystem.