21Shares TCAN ETF brings Canton Network exposure to U.S. investors

21Shares has launched the 21Shares Canton Network ETF, trading under the ticker TCAN on Nasdaq. 

In a Thursday press release, the issuer said the fund is the first U.S. ETF built to give investors exposure to Canton Coin, the native utility token of the Canton Network.

The fund began with a 0.50% gross expense ratio and an inception date of May 7, 2026. 21Shares US LLC is listed as the issuer. The launch gives investors access to Canton through a listed investment product rather than direct token custody.

Canton targets institutional finance

Canton Network is a privacy-enabled blockchain system built for capital markets. The 21Shares release said institutions such as Goldman Sachs, Microsoft, and Deutsche Bank have participated in testing or served as validators or governance participants.

21Shares said those names should not be read as endorsements of Canton Coin, Canton Network, or TCAN. Andres Valencia, EVP of Investment Management at 21Shares, said, 

Additionally, the TCAN launch follows more regulated access to Canton Coin. Crypto.news reported that Swiss crypto bank AMINA became the first FINMA-regulated lender to offer Canton Coin trading and custody services to institutional clients.

That report said Canton is built for capital markets use cases such as tokenized assets, collateral management, repo transactions, and settlement. It also noted that Digital Asset developed the network, with backers including DTCC, Visa, BitGo, Goldman Sachs, and Citadel.

Tokenization story supports TCAN launch

Canton has also gained attention in tokenized finance. Crypto.news reported in April that S&P Dow Jones Indices and Kaiko planned to bring the iBoxx U.S. Treasury index on-chain through Canton, alongside DTCC’s on-chain Treasuries work.

The network’s main pitch is privacy and coordination for regulated firms. Georg Schneider, Global Head of RWA at Digital Asset, said institutions can coordinate financial workflows “without giving up privacy, control, or compliance.”

Crypto.news data showed Canton Coin (CC) with a market cap of about $5.58 billion and a ranking near number 21. The token traded near $0.145, with major markets on Bybit, Kraken, OKX, Gate, and KuCoin.