21Shares, a prominent crypto asset manager, launched the Canton Network ETF on Nasdaq under the ticker TCAN on May 7, 2026. The fund is the first U.S. exchange-traded product to offer direct exposure to the Canton Network, a privacy-preserving blockchain ecosystem built for institutional finance.
TCAN tracks a diversified portfolio of digital assets native to the Canton Network, including smart contract platforms, decentralized applications, and infrastructure tokens. Crucially, it provides exposure to Canton Coin (CC), the network’s native utility token, which holds a top-20 market capitalization of $5.6 billion at the time of launch.
The Canton Network is developed by Digital Asset, with backers such as Goldman Sachs, Microsoft, DTCC, Nasdaq, Moody’s, and Deloitte. 21Shares itself plays a dual role: it serves as a validator and global synchronizer participant, securing the blockchain and facilitating cross-chain interoperability. This alignment of interests aims to benefit ETF investors.
“The Canton Network has attracted significant institutional interest given its focus on privacy-preserving infrastructure for capital markets,” said Andres Valencia, executive vice president of investment management at 21Shares, in a statement. “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.”
The listing comes amid a broader expansion of crypto-linked ETFs in the U.S., spurred by a more crypto-friendly SEC under Chair Paul Atkins. Unlike single-asset funds, TCAN offers regulated, diversified access to an entire blockchain ecosystem, which may appeal to risk-conscious institutional and retail investors. The fund is subject to SEC oversight and standard ETF reporting requirements.
