21Shares has launched a CRO-based Exchange Traded Product (ETP) in the European financial market. This allows investors to indirectly invest in Chronos, a Layer 1 blockchain network associated with the centralized exchange Crypto.com.
21Shares announced in an official statement on the 6th that the product has been listed on the Paris and Amsterdam Euronext exchanges, enabling Token investment through existing banking and securities brokerage platforms. The product is designed to allow investors to include CRO in their portfolio without directly using complex digital wallets or cryptocurrency exchanges.
Chronos is a platform with technical compatibility that enables DeFi, Non-Fungible Token, and Web3 applications to operate smoothly, based on Ethereum and Cosmos ecosystem interoperability. Particularly, Chronos aims to popularize Web3-based infrastructure with its own scalability and low fee structure, and its demand is gradually increasing among European institutional investors.
21Shares' new product launch is interpreted as a strategy to bridge the gap between traditional financial markets and digital assets. Recently, products dealing with digital assets have been consecutively listed on major European exchanges with strict financial regulations, rapidly accelerating the integration of the cryptocurrency ecosystem into the institutional framework.
This ETP listing can be seen as a representative example of how digital asset markets are converging with traditional financial systems. 21Shares plans to further strengthen institutional investor accessibility through product expansion based on various Layer 1 networks and Web3 projects.
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