21Shares Launches First US ETF for Canton Network Token

21Shares launched its Canton Network ETF (TCAN) on the Nasdaq on Thursday. It's the first US ETF offering direct exposure to Canton Coin, the native token of the Canton Network, a privacy-enabled blockchain ecosystem.

The ETF provides institutional investors access to the network's privacy-preserving infrastructure, which counts Goldman Sachs, Microsoft, and Deutsche Bank among its validators and testers.

21Shares, a subsidiary of FalconX, is an active validator on the network and plays a direct role in operations.

Visa became the first major payments company to join as a super validator in January. The network is also supported by Moody's, Deloitte, and Nasdaq.

Canton Coin is down over 1% in the last 24 hours, trading at $0.146. It ranks 21st in market cap at $5.6 billion.