21Shares Debuts First ETF Focused on Canton Network Crypto Token

In brief

• 21Shares launched the Canton Network ETF (TCAN), the first U.S. ETF offering direct exposure to Canton Coin.
• The ETF provides institutional investors access to Canton Network's privacy-enabled blockchain infrastructure.
• Canton Network counts Goldman Sachs, Microsoft, and Deutsche Bank among its institutional validators and testers.

21Shares launched its Canton Network ETF (TCAN) on the Nasdaq on Thursday, marking the first U.S. ETF designed to offer investors direct exposure to Canton Coin (CC), the native token of Canton Network—a privacy-enabled blockchain ecosystem supported by Goldman Sachs, Microsoft, and Deutsche Bank.

The fund's issuer serves as an active validator on the network and takes a direct role in operations and coordination of the Global Synchronizer. 21Shares is a prominent issuer of crypto exchange-traded funds and a subsidiary of digital asset prime broker FalconX.

"The Canton Network has attracted significant institutional interest given its focus on privacy-preserving infrastructure for capital markets," said Andres Valencia, EVP of investment management at 21Shares. "When you see names like Nasdaq, Moody's, and Deloitte supporting a common blockchain infrastructure, you are looking at infrastructure that has the potential to reshape how data and capital move across global markets."

Beyond the headline validators, Canton Network operates with testing support from an expanding roster of traditional financial and technology companies. This institutional backing signals confidence in the blockchain's potential to transform enterprise financial workflows while maintaining the privacy and compliance standards these organizations require.

Georg Schneider, global head of real-world assets at Canton creator Digital Asset, said Canton's distinguishing feature is that "institutions can coordinate real financial workflows across firms without giving up privacy, control, or compliance." As more investors seek exposure to this ecosystem, "products like TCAN help broaden access to infrastructure purpose-built for regulated markets," he said.

21Shares has expanded its roster of crypto ETF products since listing the first physically-backed crypto ETP in 2018. The launch of TCAN represents the firm's entry into specialized blockchain infrastructure products, targeting institutional investors seeking exposure beyond traditional cryptocurrencies like Bitcoin and Ethereum.