21Shares AG Launches Cronos ETP (CRON) to Provide Investors with Regulated Access to Cronos Blockchain's Cryptocurrency Token Named CRO

input: 21Shares AG launched its Cronos ETP (CRON) to supply investors with regulated access to Cronos blockchain's cryptocurrency token named CRO. Through this product the company wants to bring Web3 investors into the market

Crypto derivatives provider 21Shares has launched an exchange traded product (ETP) tracking the Cronos (CRYPTO: CRO) cryptocurrency.

The product, which is listed on Euronext Paris and Euronext Amsterdam, provides investors with a simple and convenient way to gain exposure to Cronos, a Layer 1 blockchain that is known for its large-scale operations and interlinking capabilities.

Cronos supports a diverse range of dApps including DeFi protocols, NFT marketplaces and Web3 tools while its blockchain was designed to merge Ethereum and Cosmos networks enabling liquid communication between centralized and decentralized financial systems.

“Cronos is uniquely positioned at the intersection of centralised access and decentralised innovation,” said Mandy Chiu, Head of Financial Products Development at 21Shares.

“We are launching a Cronos ETP to offer investors easy, regulated exposure to a blockchain ecosystem that is driving real-world adoption and pioneering the future of Web3.”

Since launching in 2021, the Cronos network has achieved significant adoption rates. The platform is home to more than 500 application developers and ecosystem partners and serves a global user base of over 100 million people.

Cronos has also executed more than 100 million transactions and has helped to protect assets worth over $6 billion.

Cronos continues to innovate and is now integrating artificial intelligence capabilities which will enhance its operational capabilities in gaming and business sectors and financial applications.

Its network provides developers with a rapid application translation system which enables the use of Ethereum and Cosmos development tools for modern blockchain solution development.

“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.

“Crypto.com is a proud long-time supporter and contributor to the Cronos ecosystem and we are incredibly excited to partner with 21Shares to enable even more exposure to Cronos and Web3 infrastructure.”

This latest product addition showcases 21Shares’ dominant position within the digital asset market. Through its diverse portfolio of crypto ETPs, 21Shares provides investors with the opportunity to participate in the digital economy.

The Cronos ETP by 21Shares serves as a connector between conventional financial systems and decentralized multiparticipant networks.

This launch comes at an ideal time as market demand for blockchain-based financial infrastructure continues to grow.

With its Cronos ETP, investors gain access to portfolio diversification and a rapidly expanding network that sets the standard for future decentralized applications.

21Shares remains committed to making blockchain technology accessible to everyone as its use cases continue to evolve. Through the Cronos ETP, investors can obtain access to a regulated investment product that connects them to a leading Web3 network within the decentralized applications ecosystem.