Canton Network ETF Lists on Nasdaq, First of Its Kind in US

21Shares listed the first US Canton Network ETF on Nasdaq, giving investors direct exposure to Canton Coin through TCAN.

Caton Coin News

21Shares

the Canton Network ETF on Nasdaq on May 7, becoming the first US fund to offer direct exposure to Canton Coin (

), the native utility token of the Canton Network. The product trades under the ticker TCAN. Canton Coin carries a market cap of $5.6 billion and ranks among the top 20 cryptocurrencies by size.

Institutional Backing Sets Canton Apart

The Canton Network is a privacy-preserving blockchain built for institutional capital markets. Digital Asset serves as the network's primary developer and counts Goldman Sachs, Microsoft, and the DTCC among its backers. Nasdaq, Moody's, and Deloitte have also aligned with the network as participating institutions.

Andres Valencia, executive vice president of investment management at 21Shares, said the network attracted considerable institutional interest due to its privacy-focused design for capital markets. He said the involvement of firms like Nasdaq, Moody's, and Deloitte points to infrastructure with the potential to change how data and capital move across global markets.

TCAN expands a growing lineup of altcoin ETFs now available to US investors. Products tied to Solana (