CoinShares Bets on Telegram’s Blockchain: TON ETP Launch Brings Zero Fees and Staking Rewards
CoinShares launches zero-fee TON ETP with 2% staking yield, linking Telegram’s blockchain to institutional investors.
In a strategic move that underscores the convergence of mainstream platforms and blockchain technology, CoinShares has unveiled its newest exchange-traded product, the CoinShares Physical Staked Toncoin (CTON). The launch marks the first European ETP offering exposure to TON (The Open Network), the blockchain infrastructure deeply integrated with Telegram’s ecosystem of over 900 million users.
The product, listed on the SIX Swiss Exchange, provides investors with 1:1 physical backing in TON tokens, zero management fees, and a 2% annual staking yield derived from network validation rewards. For CoinShares, Europe’s largest digital asset manager, this launch represents another milestone in bridging institutional finance with practical blockchain adoption.
Founded in 2013, CoinShares has long positioned itself at the forefront of regulated crypto investment solutions. The firm, which manages over $10 billion in assets, recently announced a merger with Vine Hill Capital Investment Corp (VCIC), expanding its institutional footprint. With the introduction of CTON, CoinShares aims to capitalize on growing European demand for layer 1 blockchain exposure, particularly those with tangible user engagement.
“TON represents an important development in blockchain infrastructure,” said Jean-Marie Mognetti, CEO and Co-Founder of CoinShares. “It’s a layer 1 already integrated into Telegram’s vast network, supporting real-world applications and payments. This aligns with our hybrid finance thesis — identifying projects that merge blockchain technology with established digital platforms.”
This synergy between TON and Telegram gives CoinShares a unique narrative in a crowded digital asset landscape. Unlike many layer 1 blockchains still searching for user traction, TON benefits from Telegram’s built-in community and seamless integration with messaging, payments, and decentralized apps. Capable of processing over 104,000 transactions per second, TON stands as one of the fastest networks designed for mass adoption.
For investors, the product offers simplicity and accessibility. Traded in USD and passported across multiple European markets, CTON mirrors the design of CoinShares’ broader Physical product suite, including its U.S.-listed Altcoins ETF (DIME), which already features Toncoin. With zero management fees, CoinShares positions the TON ETP as the most cost-efficient way for institutions and retail participants to gain exposure to Telegram’s blockchain ecosystem.
The move also highlights a broader trend: the institutionalization of blockchain infrastructure linked to mainstream digital ecosystems. By embedding staking rewards into a regulated ETP structure, CoinShares blends traditional asset management with decentralized yield generation — a model increasingly seen as the next step in crypto’s integration with global markets.
As CoinShares extends its reach across Europe, the launch of CTON not only diversifies its portfolio but reinforces its commitment to promoting blockchain projects with both technical performance and real-world relevance.
