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 
Crisonde Token in a regulated fund packaging, said Crypto.com, adding that trust is not a bargain (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 still await the approval of the American Securities and Exchange (SEC) commission, which has not yet authorized any ETF CRO for US Trading, said 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 nearly $ 440 million, according to Defilma data. 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 regulations, which prompted asset managers to try to list around 70 new cryptographic ETFs.
In May, the active manager Vaneck filed a rating for an ETF linked to another token affiliated with the exchange, the native BNB 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 offering an exhibition to the CRO token in Crypto.com.
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