CoinShares, one of Europe’s largest digital asset investment firms, has launched a new exchange-traded product (ETP) providing institutional investors with exposure to Toncoin (TON), the native token of The Open Network, a blockchain integrated with Telegram’s vast ecosystem.
The launch of CoinShares Physical Staked Toncoin follows CoinShares International’s recently announced merger with Vine Hill Capital Investment Corp. (Nasdaq: VCIC), a blank-check company.
The move underscores CoinShares’ commitment to expanding its suite of regulated digital asset products amid rising institutional demand for blockchain-based investment vehicles.
With over $10 billion in assets under management, CoinShares described the new ETP as a milestone in bridging on-chain innovation with mainstream finance.
The product will offer investors direct exposure to Toncoin along with staking rewards, a feature designed to enhance yield while maintaining transparency and regulatory compliance.
Toncoin, the native currency of The Open Network (TON), has emerged as one of the fastest-growing layer-1 blockchains, boasting transaction speeds exceeding 104,000 per second and benefiting from its integration with Telegram’s 900 million active users.
The network’s ability to support payments, decentralized applications, and Web3 services directly within the Telegram app has made it a standout contender in the evolving blockchain landscape.
CoinShares CEO and co-founder Jean-Marie Mognetti described TON as “a layer-1 blockchain already integrated with one of the world’s largest communication platforms, enabling real-world applications and payments.”
He added that the launch aligns with the firm’s hybrid finance strategy, focusing on blockchain projects that merge real utility with large-scale user adoption.
Toncoin is already featured in CoinShares’ Altcoins ETF (Ticker: DIME) in the United States. The new European ETP, however, marks the first time institutional investors in Europe can gain regulated exposure to Toncoin directly, further extending CoinShares’ leadership in digital asset innovation.