21Shares, a leading provider of cryptocurrency-based exchange-traded products (ETP), recently announced significant growth in its Toncoin-focused product. As a company managing over $3 billion in assets for its clients, 21Shares celebrated a major milestone with its Toncoin Staking ETP surpassing $100 million in assets under management (AUM). Since its launch just a few months ago, this product has quickly become the preferred TON tracking option in Europe.
Tom Wan, Associate of Business Development and Strategy at 21Shares, emphasized the rapid expansion of the TON network, noting its potential for various sectors such as gaming and payments. Wan highlighted the emerging ecosystem surrounding TON, showcasing its versatility and promising future prospects in the crypto industry. This accomplishment underscores the growing interest and investment opportunities within the crypto market, particularly in innovative projects like TON.
