European crypto asset manager CoinShares has unveiled a new exchange-traded product (ETP) tied to Toncoin (TON), the native token of The Open Network, despite the token’s 59% decline in value since the start of 2025.
The CoinShares Physical Staked Toncoin ETP began trading on Switzerland’s SIX exchange under the ticker CTON on October 28, 2025. The product provides investors with exposure to Toncoin while offering staking rewards of approximately 2%, and all transactions are denominated in USD.
Toncoin, closely integrated with the Telegram messaging platform, benefits from a user base exceeding 900 million. CoinShares highlighted that, despite the token’s price drop to a market capitalization of $5.8 billion, The Open Network’s technical infrastructure combined with its large user community creates promising long-term potential.
The launch follows CoinShares International’s merger with the shell company Vine Hill Capital Investment, facilitating the introduction of this ETP. The product allows automatic yield generation through network validation rewards, making it a simple option for investors seeking passive staking income.
Toncoin is already part of CoinShares’ investment lineup, including the CoinShares Altcoins ETF (DIME) available in the U.S., which also provides exposure to Solana, Polkadot, Cardano, and Cosmos.
The Toncoin ETP launch coincides with the debut of tokenized stocks and ETFs via xStocks, enabling Telegram users to purchase tokenized shares of over 50 companies and funds, including dividend-paying assets.
