TCAN
The 21shares Canton Network ETF (TCAN) offers investors a liquid way to integrate exposure to the Canton Network into their portfolios through their bank or broker, tapping into a blockchain that connects institutional finance with decentralized infrastructure through privacy-preserving interoperability and tokenized asset settlement.
Objective
The 21Shares Canton Network ETF (the “Fund”) seeks investment results, before fees and expenses, that correspond to the price performance of Canton Coin (“CC”).
Fund strategy
The Fund seeks to achieve its investment objective primarily by investing in CC and other instruments that provide exposure to CC. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in CC and other instruments that provide exposure to or produce returns consistent with the price performance of CC.
Privacy and tokenization at its core
Canton lets institutions issue, trade, and settle tokenized real-world assets with data privacy and authorized access. Its atomic interoperability aims to reduce settlement risk across networks, supporting over $4 trillion in monthly tokenized asset volume and over $100 billion in daily repo volume, according to data reported by Canton on August 14, 2025. 1
Architecture tailored around institutional needs
It operates as a “network of networks”, each with its own governance, letting financial institutions work in isolated yet connected environments. This protects data sovereignty and scales more flexibly.
Used by major financial institutions
Canton has attracted participation from institutions including Nasdaq, Visa, and DTCC as network validators and governance participants2. Participation as a network validator does not constitute an endorsement of the Canton Network ETF or its investment merits.
Performance
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns.
Premium/Discount
The amount that the Fund’s market price is about the reported NAV is called the premium. The amount that the Fund’s market price is below the NAV is called the discount. The Premium/Discount chart shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). The daily market price is calculated using the mid-point between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund’s NAV is calculated (usually 4:00 pm Eastern time). The vertical axis of the chart shows the premium or discount of the Mid-Point price as a percentage of the NAV. The horizontal axis shows the number of trading days covered by the chart, and each bar in the chart demonstrates how many days the Fund traded within the given premium/discount range. The data presented in the chart and table above represent past performance and cannot be used to predict future results.
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