21Shares launches first U.S. ETF for Canton Network exposure

21Shares announced the launch of the 21Shares Canton Network ETF (NASDAQ: TCAN), marking the first U.S. exchange-traded fund designed to provide exposure to Canton Coin, the native utility token of the Canton Network. The fund began trading on May 7, 2026, with a gross expense ratio of 0.50%.

The Canton Network operates as a privacy-enabled blockchain ecosystem supported by institutions including Goldman Sachs, Microsoft, and Deutsche Bank, which have participated in testing or serve as network validators. The network enables financial institutions to synchronize data and assets while maintaining regulatory compliance and privacy controls.

"The Canton Network has attracted significant institutional interest given its focus on privacy-preserving infrastructure for capital markets," said Andres Valencia, executive vice president 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."

Georg Schneider, global head of RWA at Digital Asset, stated that "What makes Canton different is not simply that institutions can hold digital assets onchain, but that they can coordinate real financial workflows across firms without giving up privacy, control, or compliance."

21Shares serves as an active validator on the Canton Network and participates in coordinating the Global Synchronizer. Teucrium Investment Advisors LLC serves as the investment adviser for the ETF, while 21Shares US LLC acts as the subadviser. PINE Distributors LLC distributes the fund.

The fund carries standard cryptocurrency investment risks, including extreme price volatility and potential total loss of value, according to the company's disclosure statements.

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