21Shares launches Toncoin staking ETP on SIX Exchange

Cryptocurrency asset management company 21Shares has launched a Toncoin collateralized ETP on the SIX Swiss Exchange. The ETP, named TONN, aims to track the performance of Toncoin and reinvest the collateral-generated income into the ETP, providing investors with a way to earn staking rewards without setting up or managing staking nodes. 21Shares charges fees for its products, with TONN having an annual fee rate of 2.5%.