Cronos Teams with AWS to Enhance Asset Tokenization Infrastructure
Cronos has partnered with Amazon Web Services (AWS) to enhance asset tokenization on its blockchain, affiliated with Crypto.com. This follows a similar deal with Google Cloud last year.
- The partnership aims to capture market share in asset tokenization by attracting developers and making transaction data accessible via AWS Public Blockchain Data.
- Startups can receive up to $100,000 in AWS credits for scaling pilots related to RWA platforms, DeFi protocols, and AI applications on Cronos.
- The initiative is part of Cronos’ 2025-2026 roadmap, targeting $10 billion in tokenized assets and 20 million global users.
- Cronos previously partnered with Google Cloud, emphasizing their focus on asset tokenization infrastructure.
The native token CRO remains under $0.20 despite a 68.6% rise in trading volumes. It is currently the 22nd largest cryptocurrency with a market cap of $6.73 billion.
Cronos (CRO) Price Forecast
- CRO dipped to $0.193 after a brief recovery, reflecting fragile sentiment amidst market turbulence.
- Technical analysis shows CRO's RSI at 39.34, indicating weak momentum and nearing oversold territory.
- Parabolic SAR points suggest short-term bullish potential, but the PVT flatline indicates limited fresh capital inflows.
- If bearish trends persist, CRO may fall to September lows near $0.15; bulls need to reclaim the $0.23 level.
