CoinShares has introduced the CoinShares Physical Staked Toncoin (CTON), a new ETP offering exposure to Toncoin, the native token of The Open Network, the blockchain linked to Telegram. The product began trading on Switzerlandās SIX Exchange and provides a 2% annual yield from validation rewards.
TON has fallen nearly 60% year-to-date, with a market capitalization of around $5.7 billion, though the token rose 5% after the announcement and is trading near $2.30. According to CoinShares, the TON network combines high technical performance āover 104,000 transactions per secondā with the potential reach of Telegramās 900 million active users.
The new ETP will strengthen institutional exposure to TON in Europe, which is already part of the CoinShares Altcoins ETF (DIME) listed in the United States alongside Solana, Polkadot, Cardano, and Cosmos
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