Canary Capital has introduced the U.S.’s first HBAR Trust, expanding crypto options for institutional investors.
HBAR Investment Options
The Hedera network is a distributed ledger technology used by enterprises for various applications, such as tokenizing assets, issuing non-fungible tokens, and developing Web3 applications. This trust gives U.S. investors a structured way to invest in HBAR.
Stephen McClurg's Comment
Stephen McClurg, former co-founder of Valkyrie and founder of Canary Capital, emphasized the growing demand for crypto investment options beyond popular assets like Bitcoin. He noted that despite the interest, many institutional investors lack reliable options to invest in more innovative crypto projects.
MiCA Crypto Alliance
On Sept. 16, Hedera helped launch the MiCA Crypto Alliance with Ripple and the Aptos Foundation as founding members, aiming to help crypto firms navigate EU regulations, particularly the Markets in Crypto Assets regulation. The alliance focuses on improving transparency and fostering blockchain innovation.
The launch of the first HBAR Trust by Canary Capital represents a significant step in expanding opportunities for U.S. institutional investors looking to diversify their crypto portfolios.
Comments