TRON achieves another milestone: Justin Sun pushes for the listing application of the Chinese public chain ETF submitted to the US SEC

Recently, Canary Capital Group officially submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) to launch the Canary Staked TRX ETF, marking an important step for the native token TRX of the TRON blockchain to integrate into the global mainstream financial market. This initiative not only highlights TRON's leading position in blockchain technology and financial innovation but also sets a new benchmark for the compliance and globalization of high-quality crypto assets.

Compliance: Building the Trust Foundation for Digital Assets

The Canary Staked TRX ETF aims to provide traditional investors with a convenient and secure investment channel for TRX, while also leveraging the staking mechanism of the TRON blockchain to create additional returns for investors.

According to the SEC filing, the ETF will directly hold TRX tokens, and its net asset value (NAV) will reference the TRX price benchmark provided by CoinDesk Indices, ensuring pricing transparency and market consistency. Asset custody will be managed by BitGo, a leading crypto asset custody institution in the industry. Furthermore, the subscription and redemption of the ETF will be conducted in cash through authorized participants, significantly lowering the technical barriers for traditional investors to enter the crypto market.

It is worth mentioning that this ETF innovatively incorporates the staking function of TRX. Through third-party staking services, a portion of TRX assets will be used for the Delegated Proof of Stake (DPoS) consensus mechanism of the TRON network. This design not only enhances the attractiveness of the ETF but also fully demonstrates the technological advantages of the TRON blockchain in the decentralized finance (DeFi) sector.

The application for the Canary Staked TRX ETF comes at a time of profound change in the U.S. crypto regulatory environment. Since early 2025, the SEC has accepted dozens of crypto ETF applications, covering mainstream tokens such as Solana (SOL), XRP, and Litecoin (LTC), indicating the arrival of the "Altcoin ETF season." The uniqueness of the TRX ETF lies in its innovative design of the staking function, which not only provides investors with opportunities for enhanced returns but also serves as a model for how other crypto ETFs can balance returns and compliance.

At the same time, the approval results of the TRX ETF will have a profound impact on the globalization process of TRON and the entire blockchain industry. If approved, this ETF will become the first crypto ETF in the U.S. to include a staking function, paving the way for the staking features of other PoS blockchain ETFs.

The application for the TRX token of TRON for a U.S. ETF is an important milestone for the compliance and globalization of the blockchain industry. The Canary Staked TRX ETF, through its innovative staking design, strict custody and pricing mechanisms, and proactive response to the regulatory environment, demonstrates TRON's determination and capability to integrate into the mainstream financial market.

TRX ETF: The Core Topic of TRON's Globalization Strategy

Since its launch in 2017, TRON has grown to become one of the world's leading Layer 1 blockchains, attracting over 300 million user accounts with its high throughput, low transaction fees, and robust DeFi and stablecoin ecosystem. The application for the TRX ETF is not only another breakthrough for the TRON ecosystem but also carries an important mission for its globalization strategy. In the stablecoin sector, TRON's achievements are particularly remarkable. The TRC20-USDT, launched in collaboration with Tether, has become the largest stablecoin circulation network globally, accounting for over 50% of market trading volume, with an average daily settlement amount exceeding $20 billion, transaction speeds hundreds of times faster than traditional financial systems, and costs as low as one-thousandth. Currently, there are 68.6 billion USDT circulating on the TRON network, ranking second globally, with its DeFi ecosystem's total locked value exceeding $20 billion. The launch of the TRX ETF will further enhance the visibility and usage of the TRON network, attracting more developers and institutions to participate in its decentralized internet ecosystem and consolidating its competitive advantage in the global blockchain industry.

For traditional investors, direct investment in crypto assets often faces obstacles such as wallet management and exchange risks. The TRX ETF, through a standardized financial product format, allows global investors to invest in TRX through familiar securities accounts without directly engaging with blockchain technology. This mechanism will significantly expand the audience for TRX and promote the global adoption of the TRON ecosystem.

At the same time, as crypto asset ETFs gradually mature in the U.S. market, exemplified by the successful launch of Bitcoin and Ethereum ETFs, institutional investors' demand for diversified crypto assets is growing. The launch of the TRX ETF will provide compliant channels for hedge funds, pension funds, and other institutions to invest in the TRON ecosystem, helping TRX enter mainstream investment portfolios.

In today's rapidly developing global blockchain industry, the application for the TRX ETF is not only an achievement for the TRON ecosystem but also a microcosm of the integration of crypto assets and traditional finance. Through this compliance attempt, TRON demonstrates its technological strength and global vision to the world. In the future, as more institutions and investors join the TRON ecosystem, a more open and compliant decentralized financial era is on the horizon.