CoinShares, a prominent European digital asset manager, has introduced a new Exchange-Traded Product (ETP) tied to Toncoin, the cryptocurrency of the Open Network (TON), a blockchain platform closely associated with Telegram. This listing expands CoinShares’ portfolio of institutional crypto investment vehicles for investors in Europe. The new product, called CoinShares Physical Staked Toncoin (CTON), began trading on Switzerland’s SIX Swiss Exchange on Tuesday. Investors gain direct exposure to Toncoin and earn staking rewards from the TON network through this ETP, which promises a 2% annual yield based on network validation rewards. Trades are denominated in U.S. dollars.