A new crypto exchange-traded fund has entered the chat as the 21shares Canton Network ETF debuted on Nasdaq Thursday.
ETF issuer 21Shares said the fund is the first in the U.S. to provide direct exposure to Canton Coin (CC), the native utility token of the Canton Network. The ETF trades under the ticker symbol TCAN.
The Canton Network is a privacy-preserving blockchain ecosystem, purpose-built for institutional finance. Major firms like Goldman Sachs, Microsoft, and DTCC back the chain's primary developer, Digital Asset.
"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, in the statement. "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."
TCAN follows a slew of other crypto ETFs that have launched over the past year, from ones that track SOL, XRP, DOGE, HBAR, and Polkadot, among dozens of others.
The U.S. Securities and Exchange Commission, which oversees ETF approvals, has adopted a more crypto-friendly posture since President Donald Trump came into office in January 2025. SEC Chairman Paul Atkins has since embarked on a path to clarify the agency's stance in part through guidance declaring that most cryptocurrencies are not securities.
Canton's native token is a top-20 cryptocurrency with a $5.6 billion market cap, according to The Block's price data.