21Shares Launches First U.S. Canton Coin ETF on Nasdaq

21Shares launched the first U.S. exchange-traded fund providing direct exposure to Canton Coin on the Nasdaq on May 7, 2026. The Canton Network ETF, trading under the ticker TCAN, began operations with an opening price near 24.72 and climbed slightly to about 24.76 in early trading, its net asset value hovering around 25.

The fund tracks Canton Coin, the native utility token of the Canton Network, a privacy-focused blockchain ecosystem launched in 2023 by Digital Asset. Designed for institutional finance, the network enables financial firms to coordinate tokenized assets, payments, and post-trade processes while limiting data access to authorized parties only. It carries a gross expense ratio of 0.50 percent and holds at least 80 percent of its assets in Canton Coin, according to product filings.

Canton Network participants include major institutions such as Goldman Sachs, Microsoft, Deutsche Bank, JPMorgan, DTCC, Nasdaq, Moody's, Deloitte, Visa, and Broadridge. These firms have tested or deployed applications on the network, including Broadridge's distributed ledger platform, which processes more than 6 trillion dollars in monthly repo flow and settles over 350 billion dollars...