Crypto.com & Canary Capital Partner to Establish the Canary CRO Trust for U.S. Investors
Published By
May 19, 2025
The Canary CRO Trust Will be the First Private Investment Vehicle of CRO for U.S. Investors
Crypto.com and Canary Capital Group LLC (“Canary Capital”), a digital asset-focused investment firm, today announced that they have partnered to establish the Canary CRO Trust, a private investment vehicle for U.S. investors. The Canary CRO Trust will be the first private investment vehicle providing U.S. investors with exposure to CRO, the native token of the Cronos network.
The Canary CRO Trust is intended to track CRO’s market price, offering a simple and transparent way for U.S. investors to gain exposure to CRO and the Cronos blockchain ecosystem through a securities product. This is the latest initiative by Crypto.com to expand U.S. investors’ access to digital assets through securities products, following its recent partnership announcement with Trump Media & Technology Group to support a series of ETFs, including a first of its kind ETF basket of cryptocurrencies that incorporates CRO.
“Crypto.com has consistently set the bar for what it means to bring institutional-grade access to crypto markets,” says 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.”
Cronos is a decentralized, open source blockchain protocol built using the Cosmos SDK and is compatible with both the Ethereum Virtual Machine (EVM) and Cosmos ecosystem. Its dual compatibility allows developers to leverage existing tools and tap into a growing community of dApps and protocols. Additionally, Cronos prioritizes low transaction costs and high scalability, making it an attractive platform for developers and users alike.
“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.”
The Canary CRO Trust will be available for investment by eligible individual and institutional accredited investors in the U.S.
About Crypto.com
Founded in 2016, Crypto.com is trusted by more than 140 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.
Learn more at https://crypto.com.
About Canary Capital Group LLC
Canary Capital is an investment management firm that blends rigorous risk management, strategic foresight, and innovative thinking to deliver private placement strategies, such as crypto hedge fund solutions or trusts with a focus on enterprise blockchain technology.
Disclaimers
This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
Canary Capital intends to attempt to have shares of new products quoted on a secondary market. However, there is no guarantee that Canary Capital will be successful. Although the shares of certain products have been approved for trading on a secondary market, investors in the new products should not assume that the shares will ever obtain such an approval due to a variety of factors, including questions regulators, such as the SEC, FINRA, or other regulatory bodies may have regarding such products. As a result, shareholders of such products should be prepared to bear the risk of investment in the shares indefinitely. Certain products have not met their investment objective, and the shares of such products quoted on OTC Markets have not reflected the value of the digital assets held by such products, less such products’ expenses and other liabilities, but have instead traded at a premium over such value, which at times has been substantial. There have also been instances where the shares of certain products have traded at a discount.
