Cryptocurrency exchange Crypto.com and exchange-traded product issuer 21Shares announced a strategic partnership to launch investment products tracking the Cronos token.
The collaboration aims to establish a CRO private trust and exchange-traded fund for US markets.
The partnership marks an expansion of regulated access to CRO, the native token of the Cronos blockchain, which currently trades at around $0.10 with a market capitalization of approximately $3.9 billion.
What Happened
21Shares and Crypto.com revealed plans to bring new CRO investment products to market on Sunday.
The products would include both a private trust and an ETF tracking the Cronos token.
"We are proud to partner with Crypto.com to help expand investor access to the Cronos ecosystem through innovative and transparent investment products," said Federico Brokate, Global Head of Business Development at 21Shares.
The announcement builds on an existing relationship between the two firms.
21Shares previously launched a Cronos ETP in Europe in May 2025, listed on Euronext's Paris and Amsterdam exchanges.
Eric Anziani, President and COO of Crypto.com, said providing more ways for traders to engage with cryptocurrencies remains central to the company's vision.
The partnership follows recent developments in Cronos' institutional adoption strategy, which includes collaborations with multiple asset managers.
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Why It Matters
The partnership represents a significant step toward mainstream institutional access to alternative Layer 1 blockchains.
Cronos operates as an Ethereum-compatible Layer 1 blockchain built using the Cosmos SDK.
The network supports cross-chain compatibility with both Ethereum Virtual Machine and Cosmos ecosystem applications.
21Shares manages over $11 billion across 55 crypto investment products globally, including the ARK 21Shares Bitcoin ETF.
The firm was acquired by prime brokerage FalconX in October 2025 but maintains independent operations.
For Crypto.com, which serves over 100 million users globally, the partnership provides another avenue for CRO adoption beyond its native exchange platform.
The products would allow traditional investors to gain exposure to CRO through regulated investment vehicles without directly managing cryptocurrency wallets.
No timeline for regulatory approval or launch dates has been disclosed.
The announcement comes as crypto ETF launches continue expanding in 2025, with 21Shares recently introducing products for tokens including XRP, Solana, and Dogecoin.
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