Bitwise Launches Canton ETP on Deutsche Börse

CN
59 minutes ago

  • Key Takeaways:

    • Bitwise launched BWCC on Deutsche Börse, tracking Canton Network’s CC token.
    • Goldman Sachs and Microsoft back Canton as tokenized finance gains institutional traction.
    • Bitwise’s 0.85% ETP expands regulated access to blockchain infrastructure for capital markets.
  • Bitwise Asset Management has launched a new exchange-traded product (ETP) tied to the Canton Network, marking another step in the growing institutionalization of blockchain-based financial infrastructure.

    The Bitwise Canton ETP, trading under the ticker BWCC on Deutsche Börse Xetra, tracks the performance of CC, the native token of the Canton Network, with an annual expense ratio of 0.85%.

    The launch gives traditional investors regulated exposure to a blockchain platform built specifically for banks and capital markets rather than retail crypto activity. Canton Network was developed to address one of the core barriers preventing large financial institutions from fully adopting public blockchain systems: privacy.

    Unlike open blockchains such as Bitcoin and Ethereum, where transaction activity is broadly visible, Canton allows participants to view and validate only the specific transaction data relevant to them. That structure is designed to meet confidentiality and compliance requirements commonly demanded by regulated financial institutions.

    The network has attracted backing and participation from some major financial and technology firms, including Goldman Sachs, BNP Paribas, Deutsche Börse, Broadridge, Microsoft, Moody’s, S&P Global, Deloitte, and Cboe Global Markets.

    Launched in 2023 by Digital Asset, the fintech company co-founded by DRW founder Don Wilson, Canton has positioned itself as infrastructure for tokenized financial markets, enabling institutions to issue, trade, and settle digital representations of traditional assets.

    Bitwise’s statement said the new ETP reflects increasing investor demand for regulated exposure to the infrastructure layer underpinning tokenization and blockchain-based settlement systems.

    “Canton Network stands apart as a blockchain platform built from the ground up for global financial markets,” said Bradley Duke, managing director and head of Europe at Bitwise. He described the platform’s combination of privacy, interoperability, and programmability as particularly suited for institutional use cases.

    The CC token plays a central role within the Canton ecosystem, supporting governance and operational functions across the network. Its value is closely linked to the broader adoption of the platform among financial institutions.

    The ETP itself is fully backed by CC tokens held in cold storage and can be traded through standard brokerage accounts without requiring investors to directly manage crypto wallets or custody arrangements.

    Europe has become one of the most active regions for regulated crypto investment products, with issuers racing to expand beyond bitcoin and ethereum into more specialized blockchain ecosystems tied to institutional finance.

    As blockchain adoption increasingly shifts from speculative trading toward financial infrastructure, products tied to networks like Canton may offer investors exposure not just to crypto markets, but to the broader digitization of traditional finance itself.

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