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 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.
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.
