21Shares Toncoin Staking ETP Launched To Enhance Earning Rewards For Investors
Key Points:
- 21Shares Toncoin Staking ETP was launched to simplify staking for investors.
- Listed on SIX Swiss Exchange, the ETP offers Toncoin exposure and rewards with a 2.5% annual fee.
- The launch aligns with 21Shares’ strategy of integrating blockchain networks into mainstream investments.
21Shares AG, a leading issuer of cryptocurrency exchange-traded products (ETPs), has unveiled the 21Shares Toncoin Staking ETP (TONN), marking a significant step in providing investors with seamless access to the staking ecosystem.
SIX Swiss Exchange Welcomes 21Shares Toncoin Staking ETP
This innovative product allows investors to earn rewards effortlessly without the need to manage staking nodes.
The 21Shares Toncoin Staking ETP is now listed on the SIX Swiss Exchange, offering exposure to Toncoin along with staking rewards. With a total expense ratio (TER) of 2.50%, TONN enables investors to participate in staking without the complexities of setting up or managing nodes, albeit with a 2.5% annual fee.
Toncoin operates on the decentralized proof-of-stake blockchain known as ‘The Open Network,’ offering users decentralized storage, payments, and integrated wallet functionalities within messaging apps like WeChat, backed by Telegram‘s endorsement.
Staking involves earning passive income by contributing crypto tokens to validate transactions on the blockchain. Despite initial setbacks, including regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC), the TON blockchain persevered with community support and Telegram’s endorsement.
21Shares Continues Blockchain Integration with TONN
Ophelia Snyder, co-founder and president of 21Shares, emphasized the ETP’s role in expanding investors’ horizons and simplifying access to staking rewards.
The launch of the 21Shares Toncoin Staking ETP follows closely after 21Shares listed the Celestia Staking ETP (ATIA) on Euronext Amsterdam and Euronext Paris.
The ETP offers a regulated and secure pathway for investors to leverage the TON blockchain, aligning with the broader trend of integrating blockchain networks into popular messaging platforms. It will commence trading on the SIX Exchange on Wednesday, March 27, 2024.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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21Shares Toncoin Staking ETP Launched To Enhance Earning Rewards For Investors
Key Points:
- 21Shares Toncoin Staking ETP was launched to simplify staking for investors.
- Listed on SIX Swiss Exchange, the ETP offers Toncoin exposure and rewards with a 2.5% annual fee.
- The launch aligns with 21Shares’ strategy of integrating blockchain networks into mainstream investments.
21Shares AG, a leading issuer of cryptocurrency exchange-traded products (ETPs), has unveiled the 21Shares Toncoin Staking ETP (TONN), marking a significant step in providing investors with seamless access to the staking ecosystem.
SIX Swiss Exchange Welcomes 21Shares Toncoin Staking ETP
This innovative product allows investors to earn rewards effortlessly without the need to manage staking nodes.
The 21Shares Toncoin Staking ETP is now listed on the SIX Swiss Exchange, offering exposure to Toncoin along with staking rewards. With a total expense ratio (TER) of 2.50%, TONN enables investors to participate in staking without the complexities of setting up or managing nodes, albeit with a 2.5% annual fee.
Toncoin operates on the decentralized proof-of-stake blockchain known as ‘The Open Network,’ offering users decentralized storage, payments, and integrated wallet functionalities within messaging apps like WeChat, backed by Telegram‘s endorsement.
Staking involves earning passive income by contributing crypto tokens to validate transactions on the blockchain. Despite initial setbacks, including regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC), the TON blockchain persevered with community support and Telegram’s endorsement.
21Shares Continues Blockchain Integration with TONN
Ophelia Snyder, co-founder and president of 21Shares, emphasized the ETP’s role in expanding investors’ horizons and simplifying access to staking rewards.
The launch of the 21Shares Toncoin Staking ETP follows closely after 21Shares listed the Celestia Staking ETP (ATIA) on Euronext Amsterdam and Euronext Paris.
The ETP offers a regulated and secure pathway for investors to leverage the TON blockchain, aligning with the broader trend of integrating blockchain networks into popular messaging platforms. It will commence trading on the SIX Exchange on Wednesday, March 27, 2024.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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