Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Markets » 21Shares launches Toncoin staking ETP in SIX Swiss Exchange

21Shares launches Toncoin staking ETP in SIX Swiss Exchange

by

New 21Shares product offers hassle-free Toncoin yields

21Shares launches Toncoin staking ETP in SIX Swiss Exchange

Share this article

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.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.