Crypto.com Partners with Canary Capital to Establish the Canary CRO Trust

This represents the first institutional-grade investment vehicle specifically designed for Crypto.com's token, following Canary Capital's successful launches of similar trusts for HBAR and AXL.

Crypto.com continues to expand its reach in the U.S. with a new partnership.Canary Capital, known for launching the first institutional-grade HBAR and AXL trusts, has teamed up with Crypto.com to establish the Canary CRO Trust.This trust will provide qualified U.S. investors with exposure to CRO, the native token of the Crypto.com ecosystem.The new trust marks a significant milestone in support of Crypto.com’s 2025 Roadmap. It follows the successful launch of the HBAR Trust and the AXL Trust, offering institutions an opportunity to invest in blockchain interoperability tokens.The CRO trust will be a single-asset investment vehicle, allowing accredited investors, wealth managers, and institutions to gain exposure to CRO without directly purchasing or managing the token. This will enable investors to include CRO in their investment portfolios through traditional investment accounts.The trust's formation is also notable amid the evolving U.S. cryptocurrency regulatory landscape. It aims to provide established financial institutions with a familiar investment wrapper, adhering to current securities requirements.The Canary CRO Trust will require a minimum investment from accredited investors, with the specific amount yet to be disclosed. The trust will handle custody, security, and regulatory compliance.Canary Capital's initiative expands its efforts to structure and provide safe investing options in the crypto space, offering more diversified products beyond Ethereum and Bitcoin. Its products are designed to be accessible and supportable in the long term.The introduction of the fund comes at a time when the U.S. cryptocurrency regulatory landscape is still developing, making it possible to create increasingly complex financial products. This will enable investors to include CRO in their investment portfolios through traditional investment accounts.While there are no immediate plans for a CRO ETF, the creation of a private trust is often regarded as a preliminary step in that direction.