Crypto.com and Assive Manager Canary Capital are launching an American investment fund designed to provide an exhibition to the native token of Cronos blockchain, CRO, said Crypto-Monnrick Exchange in a statement.
The Canary Cro Trust will hold the Cronos (Cro) Token in regulated fund packaging, Crypto.com saidAdding that the trust is not a negotiated stock market (ETF) and is only available for accredited investors.
The creation of regulated funds such as CRO Trust is part of the Crypto.com plan for “more and more traditional crypto”, said Eric Anziani, president and chief of the exploitation of Crypto.com, in a press release.
In March, the Crypto Exchange teamed up with Trump Media & Technology Group, a company affiliated with US President Donald Trump, to launch a Trump brand FNB series, including a CRO holding company.
The FNB Trump Media are still awaiting approval of the American Securities and Exchange (SEC) commission, which has not yet authorized any ETF CRO for Us Trading, Crypto.com said.
In relation: 21Shares Lance ETP for the Cronos token of Crypto.com
Cronos ecosystem
Cronos is a blockchain layer 1 network affiliated with crypto.com. The chain is designed to integrate into Ethereum and Cosmos ecosystems and to take care of decentralized financing applications (DEFI), non -fastible tokens (NFTS) and other web3 applications.
The chain has a total locked value (TVL) of almost $ 440 million, according to data de Defillama. Its most popular application is VVS Finance, a DEFI platform for chip exchanges and agriculture yield.
The CRO token has a market capitalization of around 880 million dollars on May 19, according to to Cointelegraph market data.
Files of the ETF Altcoin
Since Trump took office in January, he reported a more user -friendly approach to regulation, encouraging asset managers to seek List about 70 new ETF Crypto.
In May, the director of assets Vaneck filed a file List an ETF linked to another token affiliated to the exchangeBNB native of the BNB channel. The chain is affiliated with Binance, the largest centralized exchange in the world.
The same month, 21Shares launched a negotiated stock market (FTE) in Europe Offer an exhibition at the CRO token in Crypto.com.
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