Bitwise launches Canton Network ETP on Deutsche Börse Xetra

Bitwise has launched a physically backed Canton Network ETP on the Deutsche Börse Xetra exchange, trading under the ticker BWCC as of May 26, 2026. The product is fully collateralized by CC tokens held in cold storage and tracks the Kaiko CANTO Reference Rate LDNLF index. This ETP allows European institutional and retail investors to gain exposure to the Canton Network, an enterprise-grade blockchain designed for financial institutions, through standard brokerage accounts. The Canton Network, introduced by Digital Asset in 2023, aims to provide interoperability for major financial entities like Goldman Sachs, BNP Paribas, and Deutsche Börse. Bitwise enters a market already occupied by 21Shares, which launched its own Canton Network ETP, ticker CANTN, in November 2025. As of early May 2026, the 21Shares product had accumulated approximately $680,000 in assets under management, highlighting the currently thin liquidity in this sector. While the physical backing structure reduces counterparty risk, the long-term success of these products remains dependent on whether financial institutions transition from pilot programs to production-scale asset tokenization.

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