Key Takeaways:
Bitwise listed an exchange-traded product tied to Canton Network's CC token on Deutsche Börse Xetra, the asset manager's latest push into regulated crypto products in Europe.
"The Bitwise Canton ETP is a timely addition to our growing suite of European crypto ETPs," Bradley Duke, Managing Director and Head of Europe at Bitwise, said. "Canton Network stands apart as a blockchain platform built from the ground up for global financial markets, combining privacy, interoperability, and programmability in a way that is specifically designed to meet institutional compliance requirements."
The product, trading under ticker BWCC with ISIN DE000A4ARTH9, tracks the Kaiko CANTO Reference Rate LDNLF index and carries a total expense ratio of 0.85 percent per year. It is issued by Bitwise Europe GmbH in Germany and fully collateralized by CC tokens stored in cold storage, allowing investors to buy and sell through standard brokerage accounts without a crypto wallet. Bitwise manages more than $11 billion in client assets across its U.S. and European operations.
Canton Network is a privacy-enabled blockchain built for capital markets, developed with participation from Goldman Sachs, BNP Paribas, Deutsche Börse and Broadridge. Unlike public blockchains where all activity is visible, Canton allows financial institutions to issue, trade and settle assets digitally while keeping transaction details private — meeting confidentiality standards that regulators require. Its native token, CC, plays a central role in network governance and operations.
CC traded at $0.16 on Tuesday with a market capitalization of $6.3 billion, according to CoinGecko. The token has fallen about 1.4 percent over the past 24 hours.
The launch follows 21Shares' Canton Network ETP (CANTN), which listed in November 2025 and held roughly $680,000 in assets under management as of early May. 21Shares also plans to list a U.S.-based Canton Network ETF (TCAN) on Nasdaq. For Bitwise, BWCC expands its European crypto ETP suite as tokenization of financial assets gathers momentum among traditional institutions.
The product's physical backing structure eliminates counterparty risk from swap-based derivatives, giving holders a direct claim on the underlying CC tokens. However, the market for Canton exposure remains thin — the existing 21Shares product accumulated less than $1 million in AUM over six months — which could result in wider bid-ask spreads and higher transaction costs for investors.
This article is for informational purposes only and does not constitute investment advice.
