Overview
- On Dec. 8, Crypto.com and 21Shares announced plans for a Cronos (CRO) private trust and an exchange-traded fund to provide regulated token exposure.
- The proposed vehicles require regulatory filings and approvals before launch, with no listing venues or timelines yet disclosed.
- Cronos is an EVM-compatible Layer 1 built with the Cosmos SDK that focuses on low transaction costs and scalability.
- 21Shares, a leading crypto ETP issuer owned by FalconX, and Crypto.com executives Federico Brokate and Eric Anziani said the products aim to expand investor access to the Cronos ecosystem.
- The collaboration reflects a trend of exchanges teaming with specialist ETP issuers to court institutional capital, and coverage reports Crypto.com has applied for a U.S. OCC charter to bolster custody.