Crypto.com Partners with Canary Capital Group to Launch Canary CRO Trust

This initiative provides qualified American investors with the opportunity to use a trust to hold CRO, mirroring its value on the market.

Crypto.com, a leading platform in digital asset services worldwide, is expanding its presence in the U.S. market with a new initiative. In collaboration with Canary Capital Group, a firm specializing in private placement and investments in digital assets and blockchain technology, they have created the Canary CRO Trust.

This venture provides qualified American investors with the opportunity to use a trust to hold CRO, mirroring its value on the market. The crypto trust is designed to make it easier and safer for investors to access crypto, as it is regulated.

This initiative follows Crypto.com’s efforts to increase access for US investors, which also saw them partner with Trump Media & Technology Group to produce several crypto-backed ETFs, among them one that holds CRO.

“Crypto.com is a company that keeps setting the bar higher for bringing institutional-grade access to crypto markets,” said Steven McClurg, CEO of Canary Capital. “Their commitment to security, innovation and growth makes them a standout in the digital asset space, and we believe that the demand for CRO via a registered trust product will reflect the broader success of Crypto.com and what they are building.”

The Cronos blockchain which powers CRO, uses the Cosmos SDK and is compatible with EVM. Because of this technique, building dApps gets flexible, affordable and up-to-date. Developers and users alike have chosen Cronos because it is fast, easy to connect with other blockchains and supports many developers.

“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 Crypto.com. “We are incredibly excited to partner with Canary Capital to enable more investors in the U.S. to contribute to the Cronos journey ahead.”

About Crypto.com

Founded in 2016, Crypto.com serves over 70 million users in over 140 countries and follows strict cybersecurity, compliance and privacy protocols. Its mission is to create an inclusive ecosystem that advances the adoption of crypto.

Canary Capital Group LLC is a company that specializes in financial matters

Canary Capital Group, based in the U.S., focuses on private placements and investments in digital assets and blockchain technology. Canary Capital specializes in managing risks and offering its crypto hedge fund products and digital asset trusts to skillful investors.

Disclaimers: This press release should not be seen as an offer to sell or a request to purchase securities where these actions are illegal. Purchasing private placement products such as Canary CRO Trust, involves certain risks and could not be the best option for everyone.

Canary Capital plans to apply for secondary market listing of Trust shares, but no guarantee exists that it will be granted. From previous experience, some releases of similar products have gone for more or less than their net asset value and it cannot be assured that the Trust will fulfil its goals or that each share will accurately match CRO’s value.