Crypto.com and 21Shares US collaborate to launch Cronos ETF and private trust

21Shares US and Crypto.com have announced a collaboration to introduce regulated investment products based on the Cronos (CRO) token, specifically a private trust and an Exchange Traded Fund (ETF). This initiative is designed to provide institutional investors with regulated, mainstream access to the Cronos blockchain ecosystem, which is an Ethereum-compatible layer 1 blockchain known for its scalability and low transaction costs. Federico Brokate of 21Shares stated the partnership aims to deliver institutional-grade regulated exposure to relevant crypto assets. Eric Anziani, President and COO of Crypto.com, emphasized that this aligns with their vision of mainstreaming crypto by offering more engagement avenues for traders. This move follows Crypto.com's recent application for a federal charter with the US Office of the Comptroller of the Currency to bolster its custody solutions.

(Source：Crypto Briefing)