Canary Capital launches the first spot pledged TRX ETF in the United States (code: TRXS)

Canary Capital launches Canary Staked TRX ETF (code: TRXS)

Brentwood, Tennessee, USA-September 9, 2026-Digital asset investment management company Canary Capital Group LLC (hereinafter referred to as "Canary Capital") today announced the launch of the Canary Staked TRX ETF (code: TRXS). The fund is designed to provide investors with exposure to the spot price of TRX, a native utility token of the TRON blockchain network. In addition, the fund also seeks to receive additional TRX rewards by participating in the TRON Network's Proof-of-Interest (DPoS) verification process and reflecting net pledge gains in the fund's net asset value.

Capturing online dividends with registered exchange trading structures

Steven McClurg, CEO of Canary Capital, said: "Through registered exchange trading structures, the Canary Staked TRX ETF gives investors access to one of the world's largest blockchain settlement networks while allowing investors to benefit from potential pledge rewards. As the adoption of stablecoins continues to grow globally, TRON has become a key component of the infrastructure that drives digital asset payments and settlements. We believe that investors are increasingly focusing on the network itself that drives real-world blockchain adoption, rather than just digital assets."

TRON has become one of the leading blockchain networks for stablecoin activity, supporting more than US$94 billion in Tedar (USDT) in circulation. The chain handles the largest USDT transfer volume among all blockchains, with a total of approximately US$5.6 trillion since the beginning of this year. With its fast speed, scalability and low transaction costs, the TRON network has become a critical infrastructure for decentralized finance (DeFi), global payments and blockchain-based applications. The TRON Network is governed by TRON DAO, a community-governed decentralized autonomous organization (DAO) committed to accelerating the decentralization of the Internet through blockchain technology and decentralized applications (dApps).

New Access Method for Institutional Investors

TRON founder Sun Yuchen said: "The launch of the Canary Staked TRX ETF demonstrates that the market is increasingly recognizing the TRON network's status as a critical infrastructure for the global economy and provides institutional investors with a new way to access this network, which is already driving real-life financial activity on a large scale. We thank Canary Capital for its leadership in bringing TRX to the ETF market and welcome innovations that expand opportunities for investors to participate in the TRON network and promote the integration of blockchain infrastructure with traditional financial markets."

With the launch of the Canary Staked TRX ETF (TRXS), Canary Capital continues its mission to make digital asset investment simple, secure and easily accessible, while expanding investor access beyond Bitcoin and Ethereum to next-generation blockchain infrastructure.

About Canary Capital

Canary Capital is an investment management company that combines rigorous risk management, strategic vision and innovative thinking to provide private equity strategies, cryptocurrency hedge fund solutions, treasury management solutions, and publicly traded funds, with a focus on corporate technology.

About TRON DAO

TRON DAO is a decentralized autonomous organization for community governance committed to accelerating the decentralization of the Internet through blockchain technology and dApps. Since its establishment in September 2017, the TRON blockchain has experienced significant growth since its launch on the main network in May 2018. Currently, TRON holds the largest circulation supply of the U.S. dollar stable currency, TEDA (USDT), currently exceeding US$94 billion. As of September 2026, according to TRONSCAN data, the TRON blockchain has recorded more than 403 million total user accounts, more than 15 billion total transaction volumes, and a total lock-in value (TVL) of more than US$28 billion. As the global settlement layer for stablecoin transactions and daily purchases, TRON implements the concept of "moving trillions and empowering billions" with its empirical success.

Disclosure and Risk Alerts

The Canary Staked TRX ETF (trading code: TRXS) is an exchange-traded product that is not registered under the Investment Company Act of 1940 (the "1940 Act") and is therefore not subject to the same regulatory and protective measures that apply to exchange-traded funds (ETFs) and mutual funds registered under the 1940 Act.

Investment involves risks, including the possibility of loss of principal. Investing in TRXS faces high risks and increased market volatility and is not suitable for investors who cannot bear all investment losses. The fund's investment goals, risks, fees and expenses should be considered before investing. The recruitment instructions contain this and other important information and can be obtained through relevant channels. Please read carefully before investing.

Investing in TRXS is not a direct investment in TRX. Pledge rewards do not represent the performance of the fund, are not guaranteed, and may change frequently, including significant declines.

Digital assets (such as TRX) are a relatively new asset class, and the digital asset market is affected by rapid change and uncertainty. Digital assets are largely unregulated, and digital asset investments may be more vulnerable to fraud and manipulation than investments that are more regulated.

TRXS faces rapid price fluctuations, which may be caused by actions and statements by influential figures and media, asset changes, and other factors. There is no guarantee that TRXS will retain its value in the long term.

Pledges provide trusts with the opportunity to create and earn additional TRX. After deducting certain charges associated with the pledge, the trust is entitled to all TRXs arising from its pledge. These additional TRXs will increase the trust's net assets, benefiting shareholders. Part of this TRX may be regarded as income from the trust and may be used for future distribution to shareholders in accordance with procedures and requirements disclosed elsewhere in the prospectus.

Pledge carries the risk of TRX loss. No assets of the fund, including any pledged assets, enjoy the protection enjoyed by depositors of member institutions of the Federal Deposit Insurance Corporation (FDIC) or Securities Investor Protection Corporation (SIPC). Pledged assets may also face "slashing" penalties. Cutback penalties occur when a verifier attempts a different history of the chain, or when a verifier goes offline for an extended period of time. The fund itself does not participate in pledge activities, including operation verification nodes. Instead, the pledge plan will be managed by the fund's sponsors, who will use service providers, including custodians and pledge providers. Although fund organizers do not expect that the pledge provider's activities will result in reduced penalties, there is no guarantee that reduced penalties will not occur. In addition, the liability of custodians and pledge providers for the fund's actions related to the pledge plan is limited, and custodians and pledge providers may lack sufficient assets or insurance to support the recovery of any losses that have occurred. Therefore, if the fund is subject to cuts or penalties, there is no guarantee that the fund will be able to recover any of its pledged assets or their value.

This fund is a newly established fund with a limited operating history.

Paralel Distributors LLC, Marketing Agent. Paralel is not affiliated with Canary Capital.