Crypto ETF issuer 21Shares US and cryptocurrency services provider Crypto.com today announced a partnership to bring new investment products tracking the Cronos (CRO) token to market.

The partnership, which aims to establish a CRO private trust and ETF, marks a significant step in broadening regulated access to Cronos, a leading Ethereum-compatible Layer 1 blockchain supported by Crypto.com. The decentralized, open source blockchain protocol is 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.

“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. “Crypto.com and Cronos are both paving the way for scalable and interoperable blockchain solutions, and this collaboration reinforces our commitment to delivering institutional-grade regulated exposure to the most relevant crypto assets.”

“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. “Crypto.com is a long-time supporter of and contributor to the Cronos blockchain, and we are excited to partner with 21Shares to enable more investors to participate in the CRO journey ahead.”

This partnership announcement follows a previously established strategic partnership between the two firms to support innovation across both companies.