21Shares and Leading Platform Collaborate to Launch Cronos ETF and Private Trust

Source: CryptoNewsNet Original Title: Crypto.com and 21Shares US collaborate to launch Cronos ETF and private trust Original Link:

Key Takeaways

• 21Shares and a major crypto platform are partnering to launch a Cronos (CRO) private trust and ETF.
• The new products aim to provide regulated, mainstream investor access to the Cronos blockchain ecosystem.

21Shares US is teaming up with a leading crypto exchange to create regulated investment products tracking the Cronos (CRO) token, including a private trust and ETF, according to recent announcements.

“We are proud to partner to help expand investor access to the Cronos ecosystem through innovative and transparent investment products,” said Federico Brokate, Global Head of Business Development. “This collaboration reinforces our commitment to delivering institutional-grade regulated exposure to the most relevant crypto assets.”

The collaboration seeks to expand regulated access to the Cronos blockchain, an Ethereum-compatible layer 1 blockchain utilizing the Cosmos SDK, known for its low transaction costs and high scalability.

Recently, the crypto platform applied for a federal charter with the US Office of the Comptroller of the Currency to enhance its custody solutions and expand Cronos-related services.

“Providing more ways for traders to engage with cryptocurrencies is central to our vision of further mainstreaming crypto,” said Eric Anziani, President and COO of the platform. “We are long-time supporters of and contributors to the Cronos blockchain, and we are excited to partner with 21Shares to enable more investors to participate in the CRO journey ahead.”

The announcement follows earlier collaborative efforts by the firms to drive innovation in both the crypto and traditional finance sectors.