Switzerland-based 21Shares launched on Mar. 27 a new exchange-traded product (ETP) offering exposure to Toncoin (TON) staking rewards. The 21Shares Toncoin Staking ETP is available in the SIX Exchange, and aims to provide a hassle-free way for investors to engage in the Toncoin proof-of-stake ecosystem and earn yields without needing to set up and manage validator nodes.
“Our 21Shares Toncoin Staking ETP opens up a new horizon for investors, providing a hassle-free gateway to staking rewards within the blockchain ecosystem,” remarked Ophelia Snyder, co-founder & president of 21Shares.
TON has been in a rising trend for the past 30 days, with its price soaring over 128% in this period. Moreover, in November 2023, Animoca Brands became the largest validator for TON’s blockchain after investing an undisclosed amount.
The Toncoin Staking ETP presents a product for investors seeking exposure to the TON ecosystem and staking rewards at the same time, without the complexities of running staking infrastructure. The network uses a proof-of-stake consensus model for scalability, speed, and energy efficiency.
