21Shares Launches Revolutionary Toncoin Staking ETP (TONN) for Hassle-Free Staking Rewards

World’s largest issuer of cryptocurrency ETPs releases the 21Shares Toncoin Staking ETP

ZURICH, March 27, 2024 – 21Shares AG ("21Shares"), the world's largest issuer of cryptocurrency exchange traded products (ETPs) and a subsidiary of 21.co, proudly announces the launch of 21Shares Toncoin Staking ETP. This groundbreaking product provides investors with a seamless way to engage in the staking ecosystem and earn rewards effortlessly.

The Toncoin Staking ETP presents an innovative solution for investors seeking exposure to staking rewards without the complexities of setting up and managing a staking node. With our ETP, investors can now enjoy the benefits of staking Toncoin while leveraging the liquidity and convenience of traditional financial markets.

"Our 21Shares Toncoin Staking ETP opens up a new horizon for investors, providing a hassle-free gateway to staking rewards within the blockchain ecosystem," remarked Ophelia Snyder, Co-Founder & President of 21Shares. "We are dedicated to empowering investors with innovative products like the Toncoin Staking ETP, reaffirming our commitment to driving the evolution of blockchain investment opportunities."

Key features of the 21Shares Toncoin Staking ETP:

• Toncoin (TON): A decentralized layer 1 blockchain, now known as "The Open Network" after acquisition by the TON Foundation. Toncoin serves as the native currency of the TON network.
  
  
• Proof-of-Stake (PoS) Consensus: TON utilizes a PoS consensus model for scalability and network reliability, offering fast, transparent, and secure payment services with minimal fees.
  
  
• Mission: The Open Network aims to create a comprehensive ecosystem of user-facing services like the super-app WeChat, offering products like a decentralized storage, decentralized VPN, a payments solution and a native wallet to hold crypto directly within the messaging app. It is characterized by its community-driven approach and flexible architecture, catering to the needs of typical consumers.
  
  
• Scalability: TON's advanced scalability ensures fast settlement time for transactions in a cost-effective manner, facilitating rapid network growth without adverse effects on the environment.
  
  
• Endorsement by Telegram: Despite separation, Telegram endorses TON as its platform of choice for web3 infrastructure, highlighting its commitment to blockchain innovation.
  
  

The 21Shares Toncoin Staking ETP will be available for trading on the SIX Exchange starting Wednesday, 27th March, 2024, providing investors with a seamless pathway to engage with Toncoin staking and tap into the potential rewards with the staking ecosystem.