21Shares Rolls Out Toncoin Staking ETP Amid TON’s New ATH

Exciting news from the world of cryptocurrency as a leading ETP issuer introduces the 21Shares Toncoin Staking ETP, providing a secure pathway for investors to capitalize on The Open Network’s growth.

The Open Network, which supports popular applications like Telegram with over 900 million users in Q1 of 2024, is set to expand even further with this new ETP.

Discover the 21Shares Toncoin Staking ETP

Launching on the Swiss SIX Exchange under the ticker TONN on March 27, this innovative ETP is fully backed and designed to follow the performance of TON while reinvesting staking rewards for optimal returns.

Ophelia Snyder, Co-Founder & President of 21Shares, shared her thoughts on the new ETP, emphasizing its benefits for investors in the blockchain ecosystem.

“Our 21Shares Toncoin Staking ETP offers investors a seamless path to staking rewards, enhancing their blockchain investment experience. We are dedicated to providing cutting-edge products like the Toncoin Staking ETP to drive the evolution of investment opportunities in the blockchain sector.”

This development marks a significant milestone for the Ton blockchain, overcoming challenges from its early days under new leadership and structure to achieve stability and growth.

TON’s native token has experienced a surge in value, doubling in price over the past month and reaching a new high of over $5.6 on March 25.

Looking Back on TON’s Journey

Despite setbacks, including a legal dispute with the SEC in 2019 and shifts in leadership, the TON blockchain has continued to attract interest and support from industry players.

Telegram’s decision to make TON open-source and involve the community has led to new partnerships and initiatives, such as the launch of a self-custodial wallet on the TON network.

As the project moves forward, exciting opportunities and advancements are on the horizon, reshaping the landscape of blockchain investments.