CoinShares Launches TON ETP with Zero Management Fees and 2% Staking Yield - CoinShares International (OTC:CNSRF), Vine Hill Capital Inv (NASDAQ:VCIC)

Core Insights - CoinShares International Limited has launched the CoinShares Physical Staked Toncoin (CTON), providing institutional access to TON, the blockchain integrated with Telegram's 900+ million users [1][3][10] - The launch aims to meet the growing European institutional demand for diversified blockchain exposure, positioning Toncoin as a significant opportunity within the layer 1 blockchain landscape [3][5] Company Overview - CoinShares is a leading global digital asset manager with over $10 billion in assets under management, offering a range of financial services including investment management and trading [1][8] - The firm is regulated in multiple jurisdictions, including Jersey, France, and the US, and is publicly listed on Nasdaq Stockholm [8] Product Features - The CoinShares Physical Staked Toncoin ETP (CTON) offers a 0% management fee, a 2% staking yield, and direct 1:1 exposure to underlying TON tokens [9] - The product is designed for trading in USD on the SIX Swiss Exchange and is accessible across various European markets [10] Market Context - TON's integration with Telegram provides a unique value proposition, leveraging an established infrastructure and a significant user base to support real applications and payments [4][5] - The blockchain's high-performance capabilities, with over 104,000 transactions per second, enhance its appeal in the current market [4]