Crypto.com website on a computer screen close-up. Source: Ployker - stock.adobe.com

Key Takeaways:

21Shares has launched a Cronos (CRO) ETP on Euronext Paris and Amsterdam, enabling traditional investors to access the token without crypto-native tools.
Cronos blockchain supports DeFi, NFTs, and Web3 apps, operating across Ethereum and Cosmos ecosystems.
The network has ~$400M TVL, with $64M in Crypto.com’s liquid staking product, and CRO’s market cap is around $2.3B.

21Shares has introduced a new exchange-traded product (ETP) in Europe that provides regulated exposure to the Cronos (CRO) token, the native cryptocurrency of the Cronos blockchain, which is affiliated with Crypto.com.

Launched on the Euronext exchanges in Paris and Amsterdam, the ETP allows traditional investors to access CRO without needing digital wallets or crypto exchanges.

What connects the EVM ecosystem with one of the world’s leading crypto exchanges? 🔍

Meet Cronos — the 21Shares Cronos ETP, now listed on Euronext Amsterdam (USD) and Paris (EUR).

Tap into scalable Web3 with Cronos’ multi-layer architecture. Visit our website to learn more:… pic.twitter.com/3AtDsMYeci
— 21Shares (@21Shares) May 6, 2025

Cronos functions as a layer-1 blockchain built for interoperability with Ethereum and Cosmos, supporting a broad range of applications including DeFi, NFTs, and Web3.

Mandy Chiu, head of financial product development at 21Shares, emphasized the product’s aim to enable wider investor participation in blockchain ecosystems with real-world adoption.

At the time of launch, the Cronos token had a market capitalization of approximately $2.3 billion and a fully diluted valuation of around $8.7 billion.

The network also supports a total value locked (TVL) of about $400 million, with Crypto.com’s liquid staking product, Staked ETH, contributing $64 million.

The move is part of 21Shares’ broader effort to bridge digital assets and traditional finance.