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21Shares has launched the 21Shares Canton Network ETF, trading on Nasdaq under the ticker TCAN, providing U.S. investors with listed ETF exposure to Canton Coin rather than direct token custody.
In a Thursday press release, the issuer said TCAN is the first U.S. ETF designed to give investors exposure to Canton Coin, the native utility token of the Canton Network. The fund launched with a 0.50% gross expense ratio and an inception date of May 7, 2026. 21Shares US LLC is listed as the issuer.
21Shares said the launch is structured as a listed investment product, giving investors access to Canton through the ETF wrapper rather than through direct custody of the underlying token.
Canton Network is described as a privacy-enabled blockchain system built for capital markets. The release said institutions including Goldman Sachs, Microsoft, and Deutsche Bank have participated in testing or served as validators or governance participants.
21Shares cautioned that these names should not be read as endorsements of Canton Coin, Canton Network, or TCAN. Andres Valencia, EVP of Investment Management at 21Shares, said: “The Canton Network has attracted significant institutional interest given its focus on privacy-preserving infrastructure for capital markets.”
The TCAN launch follows additional regulated access to Canton Coin. Crypto.news reported that Swiss crypto bank AMINA became the first FINMA-regulated lender to offer Canton Coin trading and custody services to institutional clients.
Crypto.news said Canton is built for capital markets use cases including tokenized assets, collateral management, repo transactions, and settlement. It also noted that Digital Asset developed the network, with backers including DTCC, Visa, BitGo, Goldman Sachs, and Citadel.
Separately, Crypto.news reported in April that S&P Dow Jones Indices and Kaiko planned to bring the iBoxx U.S. Treasury index on-chain through Canton, alongside DTCC’s on-chain Treasuries work.
Crypto.news data cited Canton Coin (CC) with a market cap of about $5.58 billion and a ranking near number 21. The token traded near $0.145, with major markets on Bybit, Kraken, OKX, Gate, and KuCoin.
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