21shares has launched the 21shares Canton Network ETF (NASDAQ:TCAN), marking the first exchange-traded access to Canton Coin, the native utility token of the Canton Network. The ETF is designed to give investors exposure to a privacy-enabled blockchain ecosystem built for institutional finance.
The network is supported by a consortium that includes Goldman Sachs Group Inc (NYSE:GS), Microsoft Corp (NASDAQ:MSFT), and Deutsche Bank, alongside participants such as Nasdaq, Moody's, and Deloitte, reflecting growing institutional experimentation with blockchain infrastructure for capital markets.
- TCAN carries a 0.50% gross expense ratio, one of the first regulated U.S. vehicles tied directly to Canton Coin.
- The ETF provides U.S. investors direct access to Canton Coin, the native token powering the Canton Network, a privacy-focused blockchain infrastructure for institutional markets.
- The Canton Network enables synchronization of assets and data across financial institutions while maintaining privacy, control, and regulatory compliance.
- 21shares also serves as an active validator on the Canton Network, participating in the Global Synchronizer and network coordination.
- According to Digital Asset, the network allows coordinated financial workflows across firms, enabling tokenized securities integration with payment systems for regulated markets.
The launch underscores accelerating efforts to bridge traditional finance with decentralized systems. According to 21shares EVP of Investment Management Andres Valencia, the Canton Network is gaining traction due to its focus on privacy-preserving infrastructure for capital markets.
Valencia noted that participation by major financial and technology institutions signals the potential to reshape how global data and capital move. "With TCAN, we are providing institutional-grade access to this transformation," he said, highlighting 21shares' eight-year track record in crypto investment products.
Digital Asset Global Head of RWA Georg Schneider added that the network enables institutions to coordinate financial workflows without sacrificing privacy, control, or compliance, making it suitable for regulated markets.
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