21Shares Launches First US ETF for Canton Network Token
21Shares launched the Canton Network ETF (TCAN) on Nasdaq on Thursday, the first US ETF offering direct exposure to Canton Coin (CC), native token of the Canton Network. The fund issuer acts as an active validator on the network, which counts Goldman Sachs, Microsoft, and Deutsche Bank among its institutional validators and testers. 21Shares is a subsidiary of FalconX and a prominent crypto ETF issuer. Canton Network is a privacy-enabled blockchain infrastructure for capital markets, supported by Nasdaq, Moody's, and Deloitte. Its distinguishing feature, according to Digital Asset CEO Yuval Rooz, is that institutions can coordinate real financial workflows without sacrificing privacy, control, or compliance. The network's token has a $5.6 billion market cap, ranking 21st overall. For wallet and key holders, TCAN provides regulated exposure to Canton Network without directly holding CC. While the ETF offers convenience, investors should be aware that the token's price dropped over 1% in the last 24 hours to $0.146. The network's privacy features may reduce certain DeFi security risks, but ETF investors still face market and regulatory risks.
关键事实
- 21Shares launched TCAN, the first US ETF for Canton Coin.
- Canton Network is backed by Goldman Sachs, Microsoft, Deutsche Bank.
- ETF provides institutional access to privacy-enabled blockchain infrastructure.
- Canton Coin is ranked 21st with a $5.6B market cap.
- Token price fell over 1% in 24 hours to $0.146.