CoinShares Connects Telegram and Blockchain through Launch of New TON ETP

CoinShares, recognized as a prominent digital asset manager in Europe, has introduced the CoinShares Physical Staked

ETP (CTON) on the SIX Swiss Exchange in Switzerland. This new product allows investors to gain exposure to Toncoin (TON) during a period of market uncertainty for the blockchain’s native token, which is associated with Telegram. The ETP, which started trading on October 28, 2025, comes with no management fees and offers a 2% staking yield, as detailed in a , making it one of the most competitively priced investment options available in Europe.

The Open Network’s (TON) native token, Toncoin, has experienced a significant drop, with its market value falling by 59% since the start of the year to $5.7 billion at the time of writing, according to a

. Nevertheless, CoinShares pointed out TON’s integration with Telegram’s user base of over 900 million and its ability to handle more than 104,000 transactions per second as major advantages. “TON is a notable advancement in blockchain infrastructure, serving as a layer 1 solution already embedded within Telegram’s vast network, enabling practical applications and payments,” stated Jean-Marie Mognetti, CEO and co-founder of CoinShares, in a . The company’s investment approach in hybrid finance centers on initiatives that connect traditional financial systems with decentralized technologies.

The CTON ETP is fully backed by TON tokens at a 1:1 ratio and is traded in U.S. dollars, giving both institutional and individual investors a regulated way to access staking rewards. This launch follows TON’s addition to CoinShares’ U.S.-listed Altcoins ETF (DIME), which began trading in early October and also includes assets such as

and . The introduction of the European ETP broadens TON’s availability to investors in Europe, supporting CoinShares’ goal of expanding blockchain investment opportunities.

This announcement comes as the TON ecosystem sees further growth. Telegram’s third-party crypto wallet, Wallet, has revealed the launch of tokenized stocks and ETFs via xStocks, providing access to 50 different tradable assets with dividend features. After the ETP was introduced, Toncoin’s price increased by about 5% to $2.30 on October 29, but it still ranks as the 35th largest cryptocurrency by market cap.

Managing assets exceeding $10 billion, CoinShares highlighted its adherence to regulations in regions such as Jersey, France, and the United States. The company’s recent merger with Vine Hill Capital Investment Corp. has broadened its product range. Amid ongoing market fluctuations, the CTON ETP reflects a rising institutional appetite for blockchain projects that offer tangible real-world applications.