CoinShares Connects Telegram and Blockchain through Launch of New TON ETP

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CoinShares Connects Telegram and Blockchain through Launch of New TON ETP

Bitget-RWA2025/10/29 11:02

By:Bitget-RWA

- CoinShares launched the CTON ETP on SIX Swiss Exchange, offering zero fees and 2% staking yield for Toncoin (TON). - TON's 59% YTD market cap drop contrasts with its Telegram integration and 104,000 TPS capacity highlighted by CoinShares. - The physically-backed ETP expands European access to TON, aligning with CoinShares' hybrid finance strategy and regulated staking framework. - TON's 5% price rise post-launch follows broader ecosystem developments like Telegram's tokenized stock offerings by xStocks.

CoinShares, recognized as a prominent digital asset manager in Europe, has introduced the CoinShares Physical Staked

Toncoin

ETP (CTON) on the SIX Swiss Exchange in Switzerland. This new product allows investors to gain exposure to Toncoin (TON) during a period of market uncertainty for the blockchain’s native token, which is associated with Telegram. The ETP, which started trading on October 28, 2025, comes with no management fees and offers a 2% staking yield, as detailed in a

CoinShares press release

, making it one of the most competitively priced

TON

investment options available in Europe.

The Open Network’s (TON) native token, Toncoin, has experienced a significant drop, with its market value falling by 59% since the start of the year to $5.7 billion at the time of writing, according to a

Cointelegraph report

. Nevertheless, CoinShares pointed out TON’s integration with Telegram’s user base of over 900 million and its ability to handle more than 104,000 transactions per second as major advantages. “TON is a notable advancement in blockchain infrastructure, serving as a layer 1 solution already embedded within Telegram’s vast network, enabling practical applications and payments,” stated Jean-Marie Mognetti, CEO and co-founder of CoinShares, in a

CoinShares investor release

. The company’s investment approach in hybrid finance centers on initiatives that connect traditional financial systems with decentralized technologies.

CoinShares Connects Telegram and Blockchain through Launch of New TON ETP image 0

The CTON ETP is fully backed by TON tokens at a 1:1 ratio and is traded in U.S. dollars, giving both institutional and individual investors a regulated way to access staking rewards. This launch follows TON’s addition to CoinShares’ U.S.-listed Altcoins ETF (DIME), which began trading in early October and also includes assets such as

Solana

and

Cardano

. The introduction of the European ETP broadens TON’s availability to investors in Europe, supporting CoinShares’ goal of expanding blockchain investment opportunities.

This announcement comes as the TON ecosystem sees further growth. Telegram’s third-party crypto wallet, Wallet, has revealed the launch of tokenized stocks and ETFs via xStocks, providing access to 50 different tradable assets with dividend features. After the ETP was introduced, Toncoin’s price increased by about 5% to $2.30 on October 29, but it still ranks as the 35th largest cryptocurrency by market cap.

Managing assets exceeding $10 billion, CoinShares highlighted its adherence to regulations in regions such as Jersey, France, and the United States. The company’s recent merger with Vine Hill Capital Investment Corp. has broadened its product range. Amid ongoing market fluctuations, the CTON ETP reflects a rising institutional appetite for blockchain projects that offer tangible real-world applications.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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