21shares Launches First US Canton Network ETF on Nasdaq

21shares Brings Canton Network Exposure to US ETF Investors

21shares announced on May 7 the launch of the 21shares Canton Network ETF (Nasdaq: TCAN), marking the first U.S. exchange-traded fund (ETF) offering direct exposure to Canton Coin. The product debuted on Nasdaq with a 0.50% gross expense ratio and aims to provide regulated access to the Canton Network ecosystem through a traditional investment vehicle.

Built for institutional finance, the Canton Network operates as a privacy-enabled blockchain ecosystem designed to synchronize financial data and tokenized assets across firms. Major organizations, including Goldman Sachs, Microsoft, and Deutsche Bank, have participated in testing activities or governance functions tied to the network. A post from Canton Network on X stated: “The first U.S. ETF offering direct exposure to Canton is now listed on Nasdaq.” The asset manager launched TCAN through 21shares US LLC while also maintaining validator responsibilities within the blockchain ecosystem. The firm said:

“The fund is the first U.S. ETF designed to offer investors direct exposure to the Canton Coin, the native utility token of the Canton Network.”

Beyond providing token exposure, the investment management firm maintains a direct operational role on the network. It participates as an active validator and contributes to the coordination of the Global Synchronizer, a component supporting interoperability and shared network functions. Canton’s infrastructure focuses on enabling regulated institutions to exchange and settle tokenized assets while preserving privacy and compliance standards required in capital markets.

Institutional Blockchain Infrastructure Gains ETF Market Access

Unlike many public blockchain systems, Canton was developed to support synchronized financial workflows between institutions without exposing sensitive operational data. The network allows firms to connect tokenized securities with payment systems while maintaining separate controls and compliance requirements. Digital Asset originally developed the infrastructure before it transitioned toward open-source governance.

Participation from the ETF issuer extends beyond fund issuance into broader ecosystem involvement. 21shares is one of the world’s leading cryptocurrency exchange-traded product (ETP) providers and offers one of the largest crypto ETP suites in the market. 21shares US said on X:

“Now for the first time in the US, you can get exchange-traded access to Canton through the new 21shares Canton Network ETF (TCAN).”

Teucrium, which provides ETF solutions and operational support services, also supports the product structure. The asset manager said its involvement extends beyond the ETF through validator operations and participation in coordinating the Canton Network’s Global Synchronizer.