21Shares Debuts First ETF Focused on Canton Network Crypto Token
21Shares has launched the Canton Network ETF (TCAN) on Nasdaq, the first U.S. ETF providing direct exposure to Canton Coin (CC), the native token of the privacy-focused Canton Network blockchain. Major backers of the network include Goldman Sachs, Microsoft, Deutsche Bank, Nasdaq, Moody’s, Deloitte, and Visa, with 21Shares itself serving as an active validator and network coordinator. The Canton Network is designed specifically for institutional-grade privacy and compliance, enabling firms to manage financial workflows across organizations securely and privately. TCAN targets investors interested in blockchain infrastructure supporting enterprise capital markets, as opposed to standard cryptocurrencies like Bitcoin or Ethereum. CC, which started trading in November, is now among the top 25 cryptocurrencies by market capitalization, recently valued at $5.6 billion. Recent partnerships, such as Visa joining as a super validator and integrating stablecoin settlement capabilities, strengthen Canton’s institutional profile. 21Shares’ launch of TCAN continues its expansion into specialized crypto ETF offerings for regulated markets.
