21Shares Launches TCAN, First ETF Providing Exposure to Canton Network

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21Shares launched its Canton Network ETF (TCAN) on the Nasdaq on Thursday, a major step for the company, the chain, and the ETF realm.

This is the very first U.S. exchange-traded fund (ETF) that offers investors direct exposure to Canton Coin (CC). This is the native token of the privacy-focused blockchain ecosystem Canton Network.

21Shares serves as an active validator on Canton Network and has a direct role in network operations and the coordination of the Global Synchronizer, Canton’s decentralized, privacy-enabled coordination layer.

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According to Andres Valencia, EVP of Investment Management at 21Shares, “with the launch of TCAN, we are providing the U.S. market with institutional-grade access to this transformation, backed by our eight-year track record of crypto-native expertise.”

Georg Schneider, Global Head of RWA at Digital Asset, added that products like TCAN broaden access to infrastructure that’s purpose-built for regulated markets.

Price and ETF post minor decreases

TCAN closed its first session at $24.66, somewhat lower than an opening price of $24.76.

Meanwhile, Canton Network’s CC coin is down 0.7% in a day, trading at $0.1449 at the time of writing. It also dropped 3.3% in a week and went up 0.7% in a month. In February 2026, CC hit its all-time high of $0.1942, decreasing by 25.4% since.

Canton Network’s supporters include Goldman Sachs, Microsoft, and Deutsche Bank. Also, in March this year, Visa joined as the first major global payments company to serve as one of 40 Super Validators on Canton.

“These institutions have participated in testing or serve as network validators or governance participants,” the press release notes.

“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,” Valencia said.