21Shares Lists TCAN ETF on Nasdaq for Canton Coin Access

21Shares launched the Canton Network ETF (TCAN) on Nasdaq on Thursday, creating the first U.S. exchange-traded fund designed to give investors direct exposure to Canton Coin (CC), the native token of the Canton Network. The fund targets institutional investors seeking regulated access to blockchain infrastructure built for financial markets.

The issuer, 21Shares, is a major crypto ETF provider and a subsidiary of digital asset prime broker FalconX. 21Shares serves as an active validator on the Canton Network and will take part in operations and coordination of the network’s Global Synchronizer. TCAN lists Canton Coin as its underlying asset so investors can gain exposure through an ETF rather than holding the token directly.

Andres Valencia, executive vice president of investment management at 21Shares, noted the network’s growing roster of institutional supporters and their interest in infrastructure for regulated markets: “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.”

Canton Network is a public, permissioned blockchain designed to preserve privacy while enabling intercompany financial workflows. The project has testing and validation support from major banks and technology firms. Visa joined as a super validator in January and later expanded its stablecoin settlement program to include Canton.

Georg Schneider, global head of real-world assets at Digital Asset, the company behind Canton, described the network’s aim: “Institutions can coordinate real financial workflows across firms without giving up privacy, control, or compliance.”

Digital Asset CEO Yuval Rooz has argued that Canton’s privacy-preserving architecture helps institutions guard against security risks linked to decentralized finance, while providing confidentiality and compliance controls for regulated firms.

Canton Coin began trading in November. Market data shows CC trading near $0.146, with a market capitalization of roughly $5.6 billion and a ranking around 21st by market value. Token price movements have been modest over short periods, with a small decline reported in the most recent 24 hours.

21Shares first entered the crypto exchange-traded product space in 2018 with one of the earliest physically backed crypto ETPs and has expanded its lineup since. TCAN represents the firm’s entry into specialized infrastructure products that offer exposure beyond larger coins such as Bitcoin and Ethereum.

The ETF provides a regulated on-ramp for U.S. investors to a token already integrated with several large financial and technology institutions. Supporters of the product say funds like TCAN can broaden investor access to blockchain infrastructure built for regulated markets by packaging direct token exposure inside a familiar investment vehicle.