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.
