TL;DR
- 21Shares AG, a global leader in cryptocurrency ETPs, has launched a new product called the 21Shares Toncoin Staking ETP (TONN). This product provides investors with an easy way to participate in the staking ecosystem and earn rewards.
- The Toncoin Staking ETP is a unique solution that allows investors to gain exposure to staking rewards without the complexities of setting up and managing a staking node. It combines the benefits of staking Toncoin with the liquidity and convenience of traditional financial markets.
- Toncoin (TON), the native currency of the decentralized layer 1 blockchain now known as “The Open Network”, uses a Proof-of-Stake (PoS) consensus model for scalability and network reliability. The 21Shares Toncoin Staking ETP will be available for trading on the SIX Exchange from Wednesday, 27th March 2024.
21Shares AG, the leading issuer of cryptocurrency exchange-traded products (ETPs) globally, has unveiled a groundbreaking product – the 21Shares Toncoin Staking ETP. This innovative product offers investors an effortless pathway to participate in the staking ecosystem and reap rewards.
We’re thrilled to announce the launch of our latest product, the 21Shares Toncoin Staking ETP (TONN). This innovative Exchange Traded Product (ETP) offers a unique opportunity to participate in the staking ecosystem and earn rewards with ease.
Why… pic.twitter.com/G9zvEZHX5B
— 21Shares (@21Shares) March 27, 2024
The Toncoin Staking ETP, also known as TONN, is a pioneering solution for investors who want to gain exposure to staking rewards without the intricacies of setting up and managing a staking node. This ETP allows investors to reap the benefits of staking Toncoin while taking advantage of the liquidity and convenience offered by traditional financial markets.
Ophelia Snyder, Co-Founder & President of 21Shares, commented on the launch:
“Our 21Shares Toncoin Staking ETP paves a new path for investors, offering a simple entry point to staking rewards within the blockchain ecosystem.” She added, “We are committed to equipping investors with innovative products like the Toncoin Staking ETP, underscoring our dedication to propelling the evolution of blockchain investment opportunities.”
21Shares’ Commitment to Innovation: The Toncoin Staking ETP
Toncoin (TON), a decentralized layer 1 blockchain, is now referred to as “The Open Network” following its acquisition by the TON Foundation. As the native currency of the TON network, Toncoin employs a Proof-of-Stake (PoS) consensus model for scalability and network reliability, delivering fast, transparent, and secure payment services with minimal fees.
The Open Network aims to establish a comprehensive ecosystem of user-facing services akin to the super-app WeChat. It offers a range of products including decentralized storage, a decentralized VPN, a payment solution, and a native wallet for holding crypto directly within the messaging app. The network is distinguished by its community-driven approach and adaptable architecture, catering to the needs of everyday consumers.
Despite the separation, Telegram endorses TON as its preferred platform for web3 infrastructure, underlining its commitment to blockchain innovation. The 21Shares Toncoin Staking ETP will be available for trading on the SIX Exchange from Wednesday, 27th March 2024, offering investors a seamless avenue to engage with Toncoin staking and tap into the potential rewards within the staking ecosystem.
