21Shares AG launched its Cronos ETP (CRON) to supply investors with regulated access to Cronos blockchain’s cryptocurrency token named CRO. Through this product the company wants to bring Web3 investors into the market through institutional and retail partnerships which deliver simplified access and eliminate the challenges of handling Web3 assets directly.
The 21Shares Cronos ETP currently trades on the Euronext Paris and Euronext Amsterdam exchange platforms. Traditional brokerage account holders can access Cronos through the new listing because it removes requirements for cryptocurrency wallets and decentralized platform involvement.
Cronos presents itself through open-source technology as a Layer 1 blockchain solution that delivers large-scale operations alongside interlinking features. Cronos enables DeFi protocol and NFT marketplace and Web3 tool operation through its dApp support system. The Cronos blockchain was designed to merge Ethereum and Cosmos networks to enable liquid communication between centralized and decentralized financial systems.
“Cronos is uniquely positioned at the intersection of centralised access and decentralised innovation,” said Mandy Chiu, Head of Financial Products Development at 21Shares. “By launching a Cronos ETP, we are offering investors easy, regulated exposure to a blockchain ecosystem that is driving real-world adoption and pioneering the future of Web3.”
The Cronos network achieved significant adoption rates since it began operation in 2021. The platform has adopted more than 500 application developers and ecosystem partners as it serves a global user base that exceeds 100 million people. Cronos has executed more than 100 million transactions since its establishment while protecting assets worth more than $6 billion.
Cronos continues development to include artificial intelligence capabilities which will enhance its operational capabilities in gaming and business sectors and financial applications. Through its network Cronos provides developers with a rapid application translation system that facilitates the use of Ethereum and Cosmos development tools for modern blockchain solution development. The company Cronos uses active investigation to explore the integration capabilities of artificial intelligence within both gamingelongate business operations and financial systems.
“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 proud to be a long-time supporter and contributor to the Cronos ecosystem, and we are incredibly excited to partner with 21Shares to enable even more exposure to Cronos and Web3 infrastructure.”
The latest product lineup stands as a testament to 21Shares’ dominant position within the digital asset market. Through its diverse portfolio of crypto ETPs 21Shares provides investors access to participate in the digital economy. The Cronos ETP by 21Shares solidifies their position as a connector between conventional financial systems and decentralized multiparticipant networks.
Market demand for blockchain-based financial infrastructure is rising just as this launch becomes ideal for the market. With its Cronos ETP investors gain portfolio diversification access to a fast-expanding network which establishes standards for future decentralized applications.
21Shares stays dedicated to making blockchain technology available to everyone as its innovation evolves. Through the Cronos ETP investors obtain access to a regulated investment product which connects them to a leading Web3 network within the decentralized applications ecosystem.