TronWeekly

Crypto World News

You are here: Home / Archives for Crypto.com

Crypto.com

Cronos Staking ETF: Canary Capital Targets High-Yield Crypto Access

by

  • Cronos Staking ETF to track spot CRO price and generate staking yields
  • Canary Capital plans more ETFs with staking-based income models
  • SEC easing on staking could speed up ETF approval process

Canary Capital has officially filed an S-1 registration with the SEC for its proposed Cronos ETF. The fund seeks to offer spot price exposure of Cronos (CRO) and add staking rewards. This marks a new step toward regulated digital asset investment as the SEC relaxes policies on staking.

Cronos Staking ETF Structure

The Cronos Staking ETF will track the spot price of CRO and earn staking yields through selected infrastructure providers The assets will be held by Foris DAX Trust Company, which operates as Crypto.com Custody Trust Company. The staked CRO will be locked and cannot be withdrawn in the first 28 days.

Canary Capital has not disclosed the ETF’s management fee or the proposed ticker symbol. When approved, the Cronos Staking ETF will be listed for trading on a national exchange. If it is approved, the Cronos ETF will be the first ETF in the United States to offer spot-based CRO.

The fund hopes to attract both retail and institutional investors through the combination of traditional finance and blockchain-based yield opportunities. The Cronos ETF is part of Crypto.com’s 2025 growth efforts which involves token development and stablecoin innovation.

Impact of Staking in the Approval of ETFs

The platform relies on trusted validators to keep staking secure and the yield accurate within a regulated environment. The Cronos Staking ETF offers a new approach which merges proof-of-stake earnings with the ability to track assets. This approach matches the growing demand for staking by large investors and asset managers.

The increased staking interest by regulators could speed up the approval process of ETFs. The SEC recently clarified that most staking does not constitute securities issuance under current law. This ensures Canary’s plans for ETFs that use staking are viable.

Canary Capital Continues to Pursue Staking in ETFs

Canary Capital has filed for additional ETFs such as the Staked TRX ETF and the Staked SEI ETF. These products will follow a similar format, combining price tracking and staking rewards through regulated custodians and node operators. A lock-up period will be set for every fund to help maintain control of the assets and ensure the yield is maintained.

Crypto.com will handle the custody and staking for the Cronos ETF. Company leaders believe the ETF will help more people access CRO and related services. The initiative is part of a rising trend that combines traditional finance and blockchain technology.

Dubai Launches $16B Real Estate Tokenization Platform on XRP Ledger

by

  • Dubai’s tokenized platform offers fractional property ownership in Dirhams.
  • The platform aims to tokenize $16B worth of real estate by 2033.
  • Dubai Land Department partners with Prypco Mint for real estate tokenization.

Dubai has introduced a real estate tokenization platform in its property market.  The platform, built on the XRP Ledger blockchain, allows fractional ownership of Dubai properties through tokenized title deeds. This is part of the city’s effort to digitize $16 billion of real estate by 2033.

Prypco Mint platform

The new Prypco Mint platform enables investors to buy fractional shares of property with UAE dirhams. It was developed in collaboration with fintech company Prypco and blockchain infrastructure provider Ctrl Alt. Tokenization ensures that property title deeds are updated in real time through direct integration with the Dubai Land Department’s (DLD) systems.

Prypco Mint is currently available only to UAE citizens who hold a valid Emirates ID. All transactions on the platform use dirhams, and investors can start with as little as 2,000 dirhams($540). The UAE government plans to include more currencies and platforms in the future.

Dubai’s Tokenization Efforts

This platform is part of Dubai’s plan to be a worldwide leader in digital asset innovation. It builds on Dubai’s earlier efforts to tokenize the real estate sector, a move expected to make up 7% of the city’s property market by 2033. This project supports Dubai’s wider goal to attract international investors and improve the liquidity in the real estate market.

The platform includes partners such as the Dubai Land Department, Zand Digital Bank, and the UAE Central Bank. The UAE Central Bank, Dubai’s Virtual Assets Regulatory Authority (VARA), and the Dubai Future Foundation will regulate the industry. The latter’s Real Estate Sandbox will ensure the project complies with regulations as it develops.

Tokenization could enable fast and low-cost real estate transactions. The technology has already attracted interest from banks and asset managers across the world. Analysts believe that tokenized assets could grow into a multi-trillion-dollar market of dollars in the near future.

Fractional Property Ownership Made Possible

The platform also allows individual investors to purchase shares in ready-to-own Dubai properties. The Dubai Land Department (DLD) has already integrated real estate tokenization with the city’s real estate registry. This development follows a recent rule change from VARA, which permits real-world asset (RWA) tokenization.

Dubai demonstrated its commitment to becoming a leader in blockchain and crypto regulation in 2023. The country’s crypto regulations have already attracted several crypto businesses. Dubai’s recent partnership with Crypto.com to enable crypto payments for government services shows its commitment to digital finance.

Crypto.com Strengthens European Footprint with MiFID Derivatives License

by

  • Crypto.com acquires MiFID license to offer crypto derivatives across Europe.
  • Acquisition of Cyprus firm A.N. Allnew Investments enabled MiFID approval.
  • Crypto.com joins Kraken and Gemini in expanding into regulated derivatives.

Crypto.com has secured a MiFID license to offer crypto financial derivatives in the European Economic Area (EEA). This approval follows its earlier MiCA license, which allowed the company to expand its services across the region. The new license helps the firm expand in Europe and offer its customers more features on the platform.

Cyprus-based A.N. Allnew Investments Acquisition

This latest achievement comes after Crypto.com acquired Cyprus-based A.N. Allnew Investments, which helped them secure the licenses. The company obtained the license from Cyprus Securities and Exchange Commission (CySEC) that lets them provide various financial products to people in the EU member states, Iceland, Liechtenstein and Norway. Crypto.com can now serve more customers in Europe, with its MiFID license.

Crypto.com’s co-founder and CEO, Kris Marszalek, expressed excitement about the new development. He noted that the company had already expanded its presence in Europe following its MiCA approval. Marszalek pointed out that the new license would give Crypto.com customers more options on the platform.

Crypto Joins the Competitive Derivatives Market in Europe

Crypto.com is now at par with other crypto exchanges, like Kraken which got its MiFID license in May 2023. Kraken also purchased a company in Cyprus to meet the licensing standards. This is part of a wider trend in the industry, where crypto exchanges seek to attract new customers by introducing regulated derivatives trading in Europe.

Coinbase recently acquired the crypto derivatives platform Deribit, while Gemini obtained regulatory approval to offer derivatives services across Europe. As exchanges explore new ways to grow and earn money, derivatives continue to play a bigger role in the crypto space.

European Expansion

Crypto.com’s expansion into Europe is meant to strengthen its position in the worldwide crypto industry. In recent years, the company purchased Fintek Securities and Watchdog Capital to help with regulatory compliance and improve its operations. The company seeks to leverage its crypto derivatives to earn more money and become a stronger competitor in Europe.

With the MiFID license, the company is expected to make its European operations more credible and transparent. Crypto.com intends to use this approval to expand its services and attract both institutional and retail clients. The company has joined other major players in the race to lead the crypto derivatives market in Europe.

Related Reading | Solana Explodes Past $177: Will New Consensus Protocol Drive It to $389?

Paying Dubai Fees Just Got Easier: Crypto.com Enables Crypto Transactions

by

Key Takeaways

  • Dubai Finance partners with Crypto.com to enable crypto payments for government services.
  • The initiative aligns with Dubai’s Cashless Strategy and digital economy goals.
  • The MoU marks a global first for comprehensive crypto-government integration.

Dubai Finance (DOF) has entered into a Memorandum of Understanding (MoU) with Crypto.com, a move that transforms how residents and businesses can interact with public services.

The partnership provides for payment of Dubai government charges in the form of cryptocurrencies. The move is a foundation of Dubai’s overall Cashless Strategy to digitize more than 90% of the city’s transaction volumes by 2026.

The signing ceremony was held at the Dubai FinTech Summit with the attendance of high-level government officials like Abdulla Mohammed Al Basti, Secretary General of the Executive Council of Dubai, and Abdulrahman Saleh Al Saleh, Director General of DOF.

The deal was formalized by DOF’s Ahmad Ali Meftah and Mohammed Al Hakim, the UAE President of Crypto.com. Crypto.com’s function is to enable crypto payments, convert the various digital currencies to Emirati dirhams (AED), and transfer the same in a secure way to Dubai Finance accounts.

The initiative is touted to be the first of its kind anywhere in the world, a government-wide institutionalized adoption of cryptocurrency for payment for public services. The partnership is not only going to ease the transaction process but also grow the digital economy through enhanced accessibility, speed, and reliability in public finance.

DOF–Crypto.com Pact Reinforces Dubai’s Digital Economy Goals

Guided by the leadership of Dubai, this alliance points to a greater vision enshrined in the Dubai Economic Agenda D33. This strategic framework seeks to place Dubai in the leading financial and digital economies of the world.

Abdulrahman Saleh Al Saleh highlighted DOF’s dedication to developing in line with the digital revolution while also aiding the emirate in becoming a cashless society.

Crypto.com representative Mohammed Al Hakim characterized the MoU as a major leap towards integrating traditional government functions with modern digital finance. The VARA-licensed company has promised to guarantee the technical interoperability and user interface comply with international standards for security and efficiency.

Digital Currency to Boost Fintech Sector and Economic Growth

With the infrastructure foundation now in place, Dubai anticipates stimulating the development of new income-generating opportunities and growth in the fintech sector.

President and COO of Crypto.com Eric Anziani pointed to this alliance as a driver for the greater adoption of cryptocurrency for real-life applications. Regulatory endorsement, including the support of Amna Mohammed Lootah, who is responsible for the region’s digital payment systems, is also paving the way for a secure future.

The digital payment channel shall become universally accessible across all government platforms shortly, facilitating people to conduct unfettered, real-time settlements with the help of digital assets.

Related Reading | BitGo Gains EU Approval, Expands Crypto Custody Services Across Europe

BitGo Gains EU Approval, Expands Crypto Custody Services Across Europe

by

  • BitGo gets BaFin’s approval to offer crypto custody services across all EU states.
  • Company can now operate under the EU’s unified MiCA regulatory framework.
  • BitGo strengthens its position as a top institutional crypto custodian.

BitGo has been approved by Germany’s Federal Financial Supervisory Authority (BaFin), which enables the company to provide institutional crypto custody services in 27 European Union member states. This move makes BitGo one of the first U.S. firms to adhere to the EU’s unified crypto rules, Markets in Crypto-Assets (MiCA).

This approval is part of the MiCA framework’s approach to create unified crypto rules in the EU. This enables BitGo to deliver digital asset services to all countries in the region without the need to obtain individual country licenses. BitGo Europe GmbH, founded in Frankfurt in 2023, will manage the company’s services under the new regulatory requirements.

BitGo Enters EU Crypto Market

The BaFin license marks a major step in BitGo’s expansion across Europe. BitGo can now deliver a variety of services, such as crypto custody, staking, and self-custodial hot wallets, to its institutional clients. Harald Patt, managing director of BitGo Europe GmbH, expressed satisfaction in the company’s commitment to regulatory compliance, security, transparency, and trust.

The MiCA framework, effective from 2024, provides clear regulations for stablecoins, exchanges, and crypto custodians. It requires all crypto firms in the EU to adhere to particular standards on consumer protection, transparency, and capital. Moreover, stablecoin issuers are required to meet strict reserve standards to increase regulatory control and market stability.

Companies Rush to Secure MiCA License

BitGo currently operates in several EU countries, such as Italy, Spain, Poland and Greece. The BaFin enables BitGo to provide services to clients in all EU countries under a unified license. BitGo also holds regulatory approvals in additional countries which further solidifies its position in the European market.

BitGo’s European expansion comes after other top crypto companies, such as Crypto.com and Bitpanda, obtained MiCA licenses. The MiCA licenses have enhanced the competitiveness of these businesses in the region. However, banks and fintechs remain hesitant to secure MiCA licenses, which benefits crypto-native firms like BitGo.

BitGo Crypto Custody Services                                                                                                 

BitGo provides custody for 80 of the top 100 digital coins and tokens, which accounts for more than $100 billion in assets. BitGo serves more than 9.3 million wallets and oversees $48 billion in staked assets in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

BitGo’s EU expansion is part of a larger plan to deliver secure and compliant crypto custody services around the world The company is currently a top custodian for Solana and seeks to meet the institutional market demand for digital asset custody.

Related Reading | Pi Coin Price Surges and Breaks Above $1 After 35% Daily Rise 

21Shares Debuts Cronos ETP, Offers Direct Exposure to Crypto.com

by

  • Cronos ETP provides regulated access to Crypto.com’s Cronos token.
  • Cronos network supports DeFi, NFTs, and Web3 applications.
  • 21Shares expands its portfolio with more altcoin-based investment products.

21Shares, a Swiss asset management firm, has launched a new exchange-traded product (ETP). The ETP, which is listed on Euronext Paris and Amsterdam, provides investors with regulated access to Crypto.com’s Cronos (CRO) token. The ETP enables institutional investors to access CRO through traditional brokers and banks.The provides investors with easier access to the Cronos blockchain without digital wallets or exchanges.

21Shares Cronos ETP

The Cronos token runs on the Crypto.com’s Layer-1 blockchain, Cronos network. The comprises decentralized finance (DeFi), NFTs and Web3 applications as well as integrates with Ethereum and Cosmos ecosystems. Cronos ETP, a regulated investment product, offers secure access to the blockchain network.

The Cronos ETP launch demonstrates the increased demand for crypto-based investment products. 21Shares aims to provide novice crypto investors easier access to digital assets.The ETP charges a 2.5% annual management fee and seeks to fulfill the market demand for regulated crypto exposure in the European and U.S. markets.

The Cronos network has made major advancement in decentralized finance (DeFi). The blockchain boasts $400 million in total value locked (TVL), with $64 million from Crypto.com’s liquid Ether staking token, Staked ETH. The platform continues to attract both individual and institutional customers.

Altcoin-based ETF Race

21Shares has launched several crypto-linked ETPs in Europe as part of its efforts to expand its product lineup. Moreover, the company has filed for U.S. Securities and Exchange Commission (SEC) approval to launch multiple altcoin-based exchange-traded funds (ETFs) such as Solana and Dogecoin.

There is increased interest in altcoin-based exchange-traded funds(ETFs) in recent months. U.S. issuers and asset managers have filed several ETF proposals in a bid to replicate Bitcoin ETF success. The 2024 approval of spot Bitcoin ETFs has increased the demand for these products with more than $100 billion in assets under management.

The SEC’s acceptance of crypto-based financial products could accelerate the market adoption of altcoin ETFs.

Institutional Interest in Crypto-based Investment Products

Asset managers expect products like the Cronos ETP to provide mainstream investors with access to crypto investments amid the increased interest in blockchain assets. Moreover, the Cronos ETP satisfies the increased demand from regulators for crypto products which adhere to traditional financial standards.

The ETP offers investors exposure to the Cronos blockchain as well as its NFT and DeFi ecosystems. The ETP has been listed on several major exchanges in Europe demonstrates the increased institutional interest in blockchain investments.

Crypto.com and Trump Media Partner to Launch Truth.Fi ETFs

by

  • Crypto.com and Trump Media sign deal to launch Truth.Fi ETFs
  • ETFs will focus on U.S. digital assets and industries like energy
  • Launch to target U.S., European, and Asian markets later this year

Crypto.com and Trump Media have completed an agreement to launch several Truth.Fi ETFs . The partnership represents a major step for Trump Media as it enters the financial services market. Crypto.com will utilize its global platform to distribute these products which focus on digital assets and traditional securities such energy sector investments

The partnership allows Foris Capital US LLC , Crypto.com’s broker-dealer, to provide the ETFs to investors. Trump Media’s product line includes several funds which fall under the “America-First” investment approach. The funds will concentrate on energy sector allocations and digital assets,which matches Trump Media’s plans to promote U.S. industries and increase cryptocurrency adoption.

Truth.Fi ETFs Targets Global Markets

The launch happens after the two companies signed a non-binding contract in March. The partnership offers several ETF products for international markets such as the U.S., European and Asian markets. The funds will be launched on various platforms and brokerages later this year subject to regulatory approval.

Trump Media plans to deliver its ETFs as well as the Truth.Fi Separately Managed Accounts (SMAs) products. These products are part of the company’s financial services and fintech strategy. The firm plans to allocate up to $250 million for these investment products, which will be placed under custody of Charles Schwab.

Trump Media and Crypto.com’s Deal Sparks Market Optimism

According to CEO Kris Marszalek, Crypto.com provides a platform which links cryptocurrency with traditional finance. He stated that the partnership demonstrates Crypto.com’s capabilities to distribute ETFs across the world.. This collaboration strengthens Crypto.com’s position as a market leader in the integration of traditional and digital finance.

In addition, Yorkville America Digital will partner with Crypto.com to provide management for these funds. Yorkville’s CEO, Troy Rillo, expressed his enthusiasm about the partnership and the product launch which is expected to see high market demand. He stated that the venture matches Trump Media’s America-First initiatives which demonstrate its dedication to U.S based industries.

Trump Media CEO Devin Nunes expressed confidence about this partnership because it enables the company to expand into digital assets and financial services. He believes the ETF launch will offer investors unique opportunities to profit from the growth of American markets and digital assets.

Sony Singapore Launches USDC Payments Through Crypto.com: Report

by

  • Sony Singapore becomes the first electronics brand to accept USDC payments via Crypto.com Pay.
  • Crypto.com Pay enables real-time crypto payments, with no network fees, to boost crypto adoption in Singapore.
  • Sony offers promotions, including free LinkBuds and USDC rewards, to encourage customers to use crypto payments.

Sony Electronics Singapore has shifted to the utilization of cryptocurrency in one of its major developments. Starting from 2nd of April 2025, Sony’s online store will start accepting plans to accept USDC, a stablecoin operated by Circle. This makes Sony Singapore the first electronics manufacturing brand in the country to integrate crypto payments together with the Crypto.com.

Stablecoins and Crypto Payments

Crypto.com Pay is the firm’s payment solution that helps in the integration. This platform enables customers to make crypto payments in real-time without worrying about the acquiring network fee. The idea is to provide an easy and affordable way for the users who would like to pay with the help of digital currencies. This move between Sony and Crypto.com is among the ways that are aiding the growth of cryptocurrency in the Singapore region.

Chin Tah Ang, the general manager of Crypto.com Singapore highlighted that this move aims to enhance crypto payments convenience to customers. He stressed that, stablecoins transactions will continue to be on the rise and with the partnership with Sony they will extend crypto payments. 

“This payment integration will not only benefit our users by giving them another way to utilise their crypto in the real world, but we believe adding a new and streamlined crypto payment method will also broaden SES’ customer base.”

This initiative is supported by USDC, which has recently become the second largest stablecoin by the market capitalization. Currently, USDC has $60 billion in market capitalization ranking second after Tether’s USDT. This is in line with the growing use of stablecoins and includes the payment option that is now used by Sony. It also impacts crypto-positive payment systems in the region in a positive way.

Sony Boosts Crypto Adoption

With an aim to attract more people to start using USDC, Sony is providing special offers to Crypto.com. The first 50 customers who have spent 300 SGD or $223 in USDC will be rewarded with Free LinkBuds Speaker, which goes for 299 SGD. 

Furthermore, anyone making the first 150 purchases totaling at least 100 SGD will be given 20 USDC in their account with Crypto.com. The major goal of both promotions is to increase number of clients in the platform who trade actively.

This move comes after the Singapore department store chain Metro, announced in February, that they would also accept payments in stablecoins. Through its collaboration with crypto payment processor DTCPAY, Cupcakes consumers have been able to pay for their purchases in-store and online through USDT, USDC, and WUSD. This emerging trend illustrates the evolving market capability of accepting cryptocurrencies as a method of payment in the retail sector.

Why Trump Media’s $CRO Deal Is Causing a FIRESTORM

by

  • Trump’s Truth Social partners with Crypto.com for $CRO ETFs, will include a first-of-its-kind ETF basket of cryptocurrencies.
  • ZachXBT criticizes Truth Social’s choice, citing Crypto.com’s token reissuance against community wishes.
  • TMTG plans major crypto expansion, including Bitcoin ETFs, with $250M in Schwab-held funds.

Trump Media and Technology Group (TMTG) along with Crypto.com will launch exchange-traded funds and products through its Truth.Fi brand. Crypto.com’s broker-dealer Foris Capital, will act as the issuer, according to a company press release. The proposed ETFs will include a first-of-its-kind ETF basket of cryptocurrencies, such as CRO, BTC and securities. Trump’s team aimed to position the fund as “Made in America ” across various industries, per sources.

The funds, subject to regulatory approval, are slated to go live later this year and will be available globally, including in the U.S., Europe and Asia. Kris Marszalek, CEO of Crypto.com, highlighted the significance of the collaboration, calling it “the world’s first ETF with $CRO”, the native token of the exchange.

Trump
Why Trump Media's $CRO Deal Is Causing a FIRESTORM 2

His statement sparked mixed reactions, especially from ZachXBT. The on-chain investigator criticized the move and reminded the community of Crypto.com’s controversial incident where the exchange burned 70 billion CRO tokens, increasing the tokens’ supply against the majority community vote. A key concern against re-minting the 70 billion tokens was that it would significantly increase CRO’s circulating supply (200%), which would dilute the value of each coin.

ZachXBT also criticized Truth Social’s decision to partner with Crypto.com, instead of reputable exchanges like Coinbase, Kraken, or Gemini.

Trump Media’s $250 Million Crypto Venture: Bitcoin and US Industrial Focus

Truth Social, a social media platform owned by Trump’s TMTG has gained massive traction. TMTG, earlier filed trademark requests for multiple financial investment products targeting U.S. businesses and cryptocurrency markets. The move was seen as the firm’s first significant financial sector expansion, aiming to specialize in Bitcoin and other U.S.-based industrial activities.

TMTG has also dedicated up to $250 million to fund products that Charles Schwab will maintain as safekeeping. Through these ventures, the company expands its portfolio while bringing together investors who want exposure to Bitcoin and U.S. energy and manufacturing sectors.

Worldcoin Eyes Visa Partnership to Expand Stablecoin Payments Services

by

  • Worldcoin aims to transform its wallet into a multifunctional tool.
  • Visa’s network expansion boosts Worldcoin’s fintech and FX capabilities.
  • World Network integrates Rain for enhanced on-chain crypto card services.

Sam Altman’s Worldcoin is in talks with Visa to introduce stablecoin payments into the World wallet. The collaboration aims to extend World Wallet’s functions to include cryptocurrency identity verification, foreign exchange services and fiat deposits. This allows Worldcoin to utilize Visa’s merchant network to transform its wallet into a multi-functional financial tool.

WorldCoin Partners with Visa

Visa’s collaboration is part of its overall initiative to promote stablecoin adoption, after its successful USDC settlement program with Crypto.com. Visa offers stablecoin payments for cross-border settlements across blockchain networks such as Solana. The company’s infrastructure facilitates stablecoin reconciliation and currency conversion. This enables a user-friendly experience with World wallet.

This partnership enables World Wallet’s global customers to use stablecoins to make purchases. Additionally, this integration provides users access to the vast Visa network which makes the wallet more attractive . It also introduces advanced fintech functions such as fiat on-ramps and foreign exchange into the World Network ecosystem which unites traditional finance with cryptocurrency systems.

Worldcoin’s parent organization, Tools for Humanity, aims to integrate Visa card features into their World Wallet. This feature merges fiat and crypto offerings in a single self-custody wallet. Moreover, the company continues to explore joint opportunities with  crypto card service providers such as Rain which has previously worked with blockchain networks such as Optimism and Avalanche.

Rain recently secured $24.5 million to advance its crypto card services. The integration of Rain’s services allows World Network to provide secure identity-based financial transactions for its users. The initiatives position Worldcoin for stronger growth in the growing digital wallet market.

World App Introduces Secure Message Service

The World Network organization has introduced World Chat, a secure messaging application, which operates through the World App. This app enables users to send digital currencies through a secure network. Worldcoin’s combination of secure communication with financial services creates a seamless experience for verified users.

A successful partnership between Visa and World Network could enable users to access a secure system that offers digital asset management, foreign exchange and retail services. This marks a major step towards the adoption of blockchain-based financial tools into mainstream markets.