21shares Launches World'S First Canton Coin ETF

21Shares, a leading issuer of crypto exchange-traded products and an active @CantonNetwork validator, has listed $TCAN on Nasdaq, marking the first US ETF to offer direct exposure to Canton Coin ($CC), the native utility token of the Canton Network.

A New Entry Point for Institutional Investors

The ETF began trading on May 7, becoming the first US fund to offer direct exposure to Canton Coin ($CC). The fund carries a gross expense ratio of 0.50%, with Teucrium Investment Advisors serving as investment adviser and 21Shares US LLC as subadviser. The fund seeks investment results that correspond to the price performance of $CC, and aims to achieve that objective primarily by investing directly in Canton Coin.

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. 21Shares also serves as an active validator on the Canton Network and participates in the coordination of the Global Synchronizer.

The network is supported by a consortium that includes Goldman Sachs, Microsoft, and Deutsche Bank, alongside participants such as Nasdaq, Moody's, and Deloitte. The @CantonFdn, which governs the network, was established as an independent, non-profit body in July 2024 under the Linux Foundation.

Built for Regulated Finance

The Canton Network describes itself as the only public, permissionless blockchain purpose-built for institutional finance, combining privacy, compliance, and scalability, with participation from leading global financial institutions enabling real-time, secure synchronization and settlement across multiple asset classes.

Its architecture is central to this proposition. Canton is designed as a network of networks, where each participating institution maintains its own ledger while connecting with others via a shared synchronization layer, enabling atomic transactions that either complete fully or not at all, while preserving the privacy of sensitive financial data. The network uses Digital Asset's DAML smart contract language and implements cryptographic measures to restrict transaction visibility only to the parties involved.

Originally developed by Digital Asset and now open-sourced, the network is powered by $CC and supports decentralized governance and collaborative application development. Canton Coin currently carries a market cap of approximately $5.58 billion, ranking it around 21st among all crypto assets.

The TCAN launch comes during a broader period of crypto ETF expansion in the United States, with the SEC approving more digital asset funds since 2025 as the agency has taken a more defined approach to crypto asset classification.

Sources:
21Shares official press release via GlobeNewswire
21Shares TCAN product page
Canton Network overview via Wikipedia