TON Gets a Trading Boost as CoinShares Launches Zero-Fee ETP

TLDR:

• CoinShares launches a physical TON ETP with 0% management fees and 2% staking rewards on SIX Swiss Exchange.
• The TON ETP gives European investors exposure to Telegram’s blockchain with over 900 million active users.
• TON supports over 104,000 transactions per second, merging scalability with Telegram’s large global reach.
• CoinShares’ CEO says the TON ETP fits its hybrid finance vision linking blockchain with real-world platforms.
  

CoinShares is bringing Toncoin to Europe’s regulated markets in a big way. The digital asset manager has rolled out a zero-fee exchange-traded product (ETP) that also offers staking rewards. 

Investors will now get exposure to The Open Network (TON), the blockchain behind Telegram, through a fully backed, physically settled product.

The move signals CoinShares’ push to expand institutional access to real-world integrated blockchains. The launch was announced in a press release on October 28 by CoinShares International Limited, which trades on Nasdaq Stockholm.

TON ETP Offers Zero Fees and Staking Rewards

The CoinShares Physical Staked Toncoin (CTON) will trade on the SIX Swiss Exchange. It carries no management fee and provides a 2% staking yield from network validation rewards. 

Each share represents direct ownership of underlying Toncoin, ensuring 1:1 physical backing.

CoinShares said this setup combines institutional pricing with exposure to one of the fastest-growing layer-1 blockchains. The TON network’s connection with Telegram’s 900 million users makes it stand out from other crypto ecosystems.

Jean-Marie Mognetti, the company’s CEO, said TON aligns with CoinShares’ hybrid finance vision that merges blockchain with existing digital platforms. 

According to the firm, this approach bridges centralized digital services with decentralized infrastructure. The TON ETP expands CoinShares’ European market footprint, building on its earlier inclusion of Toncoin in its U.S.-listed Altcoins ETF (DIME).

Institutional Access to Telegram’s Blockchain

CoinShares’ timing aligns with growing institutional interest in layer-1 blockchain diversification. The firm said Toncoin offers both scalability and adoption through Telegram’s vast ecosystem. The network processes more than 104,000 transactions per second, supporting payments and in-app services.

With the CTON ETP, CoinShares aims to give investors a simplified, regulated path to participate in TON’s ecosystem. The company described the product as part of its broader push to deliver transparent, yield-generating crypto exposure through traditional market structures.

The ETP will trade in U.S. dollars and be passported across CoinShares’ existing European markets. This enables broader access for investors seeking compliant crypto exposure with yield potential.

CoinShares emphasized that TON’s real-world utility made it an appealing addition to its product lineup. The blockchain’s link with Telegram’s user network provides immediate distribution advantages over newer competitors.

Expanding Access to Web3 Adoption

The TON network is positioning itself as a bridge between Web2 communication and Web3 infrastructure. Telegram users can already send and receive Toncoin directly within the app, paving the way for everyday crypto use.

CoinShares’ new ETP reinforces this integration by turning that access into a regulated investment instrument. The company said the product supports its mission to connect decentralized innovation with traditional finance.

Industry analysts view the launch as another sign of traditional asset managers embracing blockchain-backed products. By removing management fees, CoinShares is targeting both cost-conscious and yield-seeking investors

According to the firm, this approach fits its strategy to lead the institutional adoption of high-utility blockchain assets.

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