Cronos has secured an infrastructure partnership with Amazon Web Services to enhance asset tokenization capabilities, providing up to $100,000 in AWS credits per startup.
By Ibrahim Ajibade
Editor Marco T. Lanz
Updated
3 mins read
Cronos has announced an infrastructure partnership with Amazon Web Services to optimize asset tokenization on the Crypto.com-affiliated layer 1 blockchain, less than a year after landing a similar deal with Google Cloud. Native token CRO price flatlined below $0.20, under pressure from broader crypto market turbulence.
Cronos Labs team led by founder Mirko Zhao confirmed the announcement in a press release on Sept. 30, eyeing asset tokenization market share by attracting developers and making on-chain transaction data available via AWS Public Blockchain Data.
According to the official statement, the deal offers up to $100,000 in AWS credits per startup to help scale early-stage pilots for RWA platforms, DeFi protocols and AI-powered applications built on Cronos.
“The next growth cycle will be defined by tokenization and real-world assets. Cronos is uniquely positioned with distribution through Crypto.com, liquidity anchored in CRO and a roadmap that ties tokenization and AI into one interoperable system. Building on AWS extends this foundation, giving institutions a secure, scalable pathway to bridge traditional and decentralized finance,” said Mirko Zhao, Head of Cronos Labs.
The announcement aligns with Cronos’ 2025-2026 roadmap, citing $10 billion in tokenized assets deployed and 20 million global users as key growth milestones for the year ahead.
Cronos inked a similar deal with AWS rival Google Cloud in November 2024, emphasizing the team’s long-term focus on asset tokenization tooling and infrastructure over the past year.
Cronos (CRO) price remains pinned below $0.20 on Sept. 30 amid reactions to AWS partnership deal | Source: CoinMarketCap
With its market capitalization of $6.73 billion, Cronos’ CRO native token is currently the 22nd largest cryptocurrency according to CoinMarketCap data. Despite trading volumes rising 68.6% in the past 24 hours, CRO price reaction to the Amazon partnership remains pinned below $0.20 at publication on Sept. 30.
Cronos’ partnership with Amazon Web Services failed to spark immediate price relief, with CRO $0.19 24h volatility: 0.7% Market cap: $6.75 B Vol. 24h: $83.36 M dipping to $0.193 after a brief recovery attempt. The sell-the-news reaction highlights fragile sentiment as traders weigh the broader market turbulence.
Cronos (CRO) Technical Price Analysis | Source: TradingView
From a technical standpoint, CRO’s Relative Strength Index (RSI) at 39.34 signals weak momentum, edging toward oversold territory. The Parabolic SAR dots positioned at $0.18 below the current candle confirm short-term bullish reactions, keeping upside hopes alive as rising volumes boost liquidity.
On the flip side, Price-Volume Trend (PVT) flatline at 1.42B suggests fresh capital inflows remain limited despite higher activity.
If the bearish sentiment and sell-the-news frenzy outweigh demand, CRO price risks sliding toward the September lows near $0.15. Conversely, bulls must reclaim the $0.23 key level marked by the Lucid SAR indicator.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.