Crypto.com has partnered with Canary Capital Group LLC to launch the Canary CRO Trust, a private investment vehicle aimed at US accredited investors. This trust will offer exposure to CRO, the native token of the Cronos blockchain, through a securities product that tracks CRO’s market price.
The initiative marks the first private investment vehicle providing US investors access to CRO and builds on Crypto.com’s recent focus on expanding digital asset access via regulated products, including its ETF partnership with Trump Media & Technology Group.
Cronos Trust Targets Institutional Crypto Demand
The Cronos blockchain is based on the Cosmos SDK and supports EVM compatibility, enabling broad developer access. Crypto.com and Canary Capital highlighted demand for institutional-grade crypto investment options and the scalability of Cronos as core drivers behind the trust. The trust will be available to accredited individual and institutional investors in the US.
You may find it interesting at FinanceMagnates.com: Dubai to Accept Crypto for Government Services in Partnership With Crypto.com.
Crypto.com Expands Access, SEC Investigation Closed
Crypto.com announced that the US Securities and Exchange Commission (SEC) has concluded its investigation without pursuing enforcement action. The SEC had issued a Wells Notice in August 2024, signalling possible concerns but no formal charges.
In response, Crypto.com filed a lawsuit in October 2024, arguing that the SEC overstepped its authority by classifying certain tokens as securities. The company withdrew the lawsuit in December after a change in SEC leadership following the 2024 US presidential election. Crypto.com’s Chief Legal Officer characterized the investigation as prolonged and influenced by regulatory overreach under the previous administration.
Separately, Crypto.com has introduced a new feature allowing EU users to purchase cryptocurrencies directly using PayPal. This integration seeks to streamline access for millions of European customers, connecting traditional finance with digital assets.
By enabling crypto purchases via PayPal, Crypto.com aims to lower barriers for users hesitant to link bank accounts or credit cards. PayPal has been steadily expanding its crypto offerings, including support for buying, selling, and transfers in select markets, and recently added cryptocurrency functionality for US business account holders.
This article was written by Tareq Sikder at www.financemagnates.com.TrendingRead More
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