Crypto.com and asset manager Canary Capital are launching a US investment fund providing exposure to the Cronos blockchain’s native token CRO. The Canary CRO Trust will hold the Cronos token CRO in a regulated fund wrapper and the trust is not an exchange-traded fund (ETF). It is only available to accredited investors. Creating regulated funds such as CRO Trust is part of Crypto.com’s plan for further mainstreaming crypto. In March, the crypto exchange partnered with Trump Media & Technology Group, a company affiliated with US President Donald Trump, to launch a series of Trump-branded ETFs, including one holding CRO. The Trump Media ETFs are still awaiting approval from the US Securities and Exchange Commission (SEC).

Cronos is a layer-1 blockchain network developed by Crypto.com. The chain is designed to integrate with the Ethereum and Cosmos blockchains and support decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and other Web3 applications. The chain has a total value locked (TVL) of nearly $440 million, according to data from DefiLlama. Its most popular application is VVS Finance – a DeFi platform for token swaps and yield farming. The CRO token has a market capitalization of around $880 million as of 19 May 2025.