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- CoinShares launches a Toncoin ETP offering 2% staking yield.
- Despite a 59% price drop, CoinShares remains bullish on TON.
- Telegram’s integration could drive Toncoin’s long-term adoption.
European asset manager CoinShares has launched a new exchange-traded product (ETP) for Toncoin (TON), even as the token’s market value continues to decline. The CoinShares Physical Staked Toncoin ETP (CTON), listed on the SIX Swiss Exchange, allows both institutional and retail investors to gain exposure to Toncoin — the native token of The Open Network (TON) — a blockchain closely linked with Telegram, which now boasts over 900 million users.
2% Staking Yield for Investors
The CTON product offers a 2% annual staking yield, giving investors rewards through TON’s validation mechanism while tracking the token’s market price. CoinShares highlighted the TON blockchain’s high performance — reportedly capable of processing 104,000 transactions per second — and described it as a rare mix of speed, scalability, and accessibility.
Despite these advantages, Toncoin’s market performance remains weak. The token trades near $2.25, down 2.5% in 24 hours and nearly 59% lower since January, with a current market cap of about $5.64 billion. Still, CoinShares’ move suggests confidence in the network’s long-term fundamentals rather than short-term volatility.
Telegram’s Expanding Financial Ecosystem
The Toncoin ETP launch aligns with Telegram’s growing push into financial services. Earlier this week, Telegram rolled out a wallet feature offering tokenized stocks and ETFs, allowing users to trade assets — including some that pay dividends — directly within the app. CoinShares’ new ETP complements its earlier Altcoins ETF (DIME) in the U.S., which includes major tokens like Solana (SOL), Polkadot (DOT), and Cardano (ADA).
Also Read: Toncoin Recovery on the Horizon: AlphaTON Capital’s $30M Bet Signals Potential Upswing
Analysts view this as a strategic move by CoinShares to secure early positioning as Telegram transforms into a crypto-integrated financial platform.
A Vote of Confidence in Utility Over Hype
CoinShares’ Toncoin ETP launch stands out in a bearish market. It reflects a broader belief that the next phase of crypto growth will come from utility, integration, and real-world applications, not speculative hype. For now, the company is betting that Telegram’s global user base could eventually help Toncoin find renewed momentum.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
