CoinShares has expanded its product suite with the launch of CoinShares Physical Staked Toncoin, listed on Switzerland’s SIX exchange under the ticker CTON.
The exchange-traded product provides institutional exposure to Toncoin, the native asset of The Open Network (TON), a blockchain ecosystem deeply integrated with the Telegram messaging platform.
The ETP includes automatic yield generation with a 2% staking reward sourced from network validation activity, and is available for trading in U.S. dollars.
The launch coincides with a challenging market period for TON, whose market capitalization has fallen 59% year-to-date to roughly $5.7 billion. However, CoinShares emphasized the network’s technical potential, citing throughput exceeding 104,000 transactions per second and access to Telegram’s 900-million-plus global user base.
The firm noted that TON’s growth strategy includes leveraging Telegram’s scale to drive ecosystem adoption. CoinShares has previously included TON in other crypto investment vehicles, reflecting rising institutional interest in Telegram-aligned blockchain infrastructure.
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