21Shares lists TCAN ETF on Nasdaq tracking Canton Network
21Shares listed TCAN on Nasdaq on May 7, 2026. The ETF has a 0.50% expense ratio, holds at least 80% Canton Coin and offers regulated U.S. exposure to Canton.
21Shares listed the TCAN ETF on Nasdaq on May 7, 2026. The fund carries a 0.50% expense ratio and allocates at least 80% of its assets to Canton Coin (CC). Early trading placed TCAN near $24.76, with net asset value reported close to $25, according to ETF analysts who confirmed the listing after the market opened.
The TCAN ETF provides U.S. investors a regulated fund vehicle that offers exposure to the Canton Network without requiring direct custody of CC. 21Shares has offered a Canton ETP in Amsterdam under the ticker CANTN since November 2025 and has made prior U.S. filings for other altcoin funds.
Canton is a permissioned, institution-focused network that handles large volumes of tokenized assets and settlement activity. The network reportedly settles more than $350 billion in daily repo transactions. Broadridge’s distributed ledger platform on Canton processes over $6 trillion in monthly repo flow. The network lists DTCC, Goldman Sachs, JPMorgan, Microsoft, Nasdaq, Visa and Broadridge among its backers and participants. Canton Network stated, “Wall Street is already on-chain,” and highlighted the network’s support for substantial tokenized asset volume.
Real-world asset value on Canton is reported at about $366.9 billion. Estimates place roughly 85% to 90% of the network’s activity in live production, with the remainder in pilot or early testing stages. Production use cases include Broadridge’s large-scale repo processing and live stablecoin settlement projects involving Bank of America and Citadel. In live operation, Canton processes roughly five to seven transactions per second.
Some market participants have questioned whether Canton should be described as a traditional blockchain, noting architectural differences and raising questions about its compliance-focused design. The native token CC is not listed on major centralized exchanges such as Binance or Coinbase, a factor that has limited retail price discovery.
Retail interest in Canton has increased since late 2025. Google search volume for the network rose into 2026, and on-chain data show an elevated burn-to-mint ratio for CC, with more tokens burned than minted in recent periods. The TCAN ETF provides a regulated, exchange-traded wrapper for U.S. investors seeking exposure while CC remains off major centralized venues.
Near-term industry developments include a DTCC-targeted tokenized U.S. Treasury go-live on Canton scheduled for the second quarter of 2026. The launch of TCAN coincides with these institutional timelines and presents a new regulated avenue for U.S. investors to access the Canton Network.
