21shares Lists First U.S. Canton Network ETF on Nasdaq

21shares launched the 21shares Canton Network ETF (Nasdaq: TCAN) on May 7, offering U.S. investors a regulated, exchange-traded vehicle that holds Canton Coin, the native utility token of the Canton Network. The fund carries a 0.50% gross expense ratio.

The ETF was filed and launched by 21shares US LLC and debuted on Nasdaq with operational support from Teucrium, which provides ETF solutions and back-office services. The issuer will also operate as an active validator on the Canton Network and take part in coordinating the Global Synchronizer, a component that supports interoperability and shared network functions.

Canton Network is a privacy-enabled blockchain created for institutional finance. The network is designed to let firms synchronize financial data and tokenized assets without exposing sensitive operational details. It supports workflows that connect tokenized securities to payment systems while letting each participant keep separate controls and compliance processes.

Major firms including Goldman Sachs, Microsoft and Deutsche Bank have participated in testing or governance activities linked to the Canton Network. The platform was originally developed by Digital Asset and later moved toward open-source governance.

Canton Network posted on X: “The first U.S. ETF offering direct exposure to Canton is now listed on Nasdaq.” 21shares US posted 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).”

21shares is a global provider of cryptocurrency exchange-traded products and the TCAN launch adds a fund tied directly to an institutional blockchain. Teucrium supports the product structure while 21shares’ validator role links the issuer to ongoing network operations.