According to The Block, 21Shares has launched an ETP product for Toncoin (TON) on the Swiss Exchange SIX.
Listed on the Swiss SIX Exchange, 21Shares said it has listed the Toncoin Staking ETP (TONN), saying that this product will offer investors staking rewards without the hassle of setting up and managing their own nodes.
21Shares co-founder and CEO Hany Rashwan told The Block that TONN charges a 2.5% annual fee.
“We always talk to our customers about new products they are looking for and study the market,” Rashwan said.
21Shares currently offers more than 40 ETPs on more than ten exchanges.
*This is not investment advice.