Bitwise Debuts Canton Network ETP on Deutsche Börse Xetra with 0.85% Fee

Key Highlights

• Bitwise debuts Canton ETP on Xetra exchange charging 0.85% yearly management fee.
• BWCC delivers CC token exposure via traditional brokerage accounts, eliminating wallet requirements.
• Canton Network provides privacy-focused blockchain infrastructure for institutional capital markets.
• The Canton ETP follows Kaiko’s CANTO Reference Rate minus annual management charges.
• BWCC strengthens Bitwise’s growing portfolio of European cryptocurrency exchange-traded products.

Bitwise has introduced its Canton ETP on Deutsche Börse Xetra, marking another regulated European offering linked to Canton Network’s CC token. Trading under the symbol BWCC, this exchange-traded product charges a 0.85% total expense ratio annually. This launch provides investors using traditional brokerage platforms with streamlined access to a privacy-centered blockchain tailored for institutional capital markets.

Canton ETP Commences Trading on Deutsche Börse Xetra

Bitwise Europe GmbH brought BWCC to market in Germany with ISIN DE000A4ARTH9 and WKN A4ARTH. The product benchmarks against the Kaiko CANTO Reference Rate LDNLF index following fee deductions. BWCC becomes part of Bitwise’s expanding range of European cryptocurrency exchange-traded products.

The structure maintains CC tokens in cold storage custody, with Bitwise confirming full backing of the product. Consequently, investors obtain CC token exposure without needing personal cryptocurrency wallets or managing private custody arrangements. The Canton ETP operates through conventional brokerage platforms, maintaining accessibility within established financial market infrastructure.

BWCC mirrors CC’s daily price movements after deducting the 0.85% yearly management charge. Nevertheless, market pricing may diverge from underlying token values during regular exchange hours. The Canton ETP might also experience tracking differences from its benchmark due to fee structures and varying market dynamics affecting overall performance.

Canton Network Delivers Privacy Solutions for Financial Markets

Canton Network facilitates digital asset creation, exchange, and settlement specifically designed for regulated financial institutions. The blockchain architecture reveals transaction information exclusively to relevant participants through its privacy-first framework. Consequently, Canton operates differently from transparent public blockchains such as Bitcoin and Ethereum, where transaction activity remains openly viewable.

Digital Asset introduced Canton Network in 2023 with collaboration from prominent financial services and technology organizations. The partnership includes Goldman Sachs, BNP Paribas, Deutsche Börse, Broadridge, Microsoft, Moody’s, S&P Global, Cboe, and Deloitte. The platform addresses institutional requirements for transaction confidentiality, regulatory compliance capabilities, cross-system interoperability, and automated market operations.

CC functions as Canton Network’s native digital asset, supporting network governance mechanisms and operational activities. The Canton ETP now delivers exchange-based exposure to this token through a publicly listed investment vehicle. Furthermore, this launch introduces Canton’s institutional-grade blockchain framework to Europe’s regulated investment product marketplace.

The European product release comes after a U.S. Canton-focused fund debuted earlier this month. 21Shares introduced the 21Shares Canton Network ETF trading under ticker TCAN on Nasdaq. That launch provided American market participants with direct CC token exposure through an ETF wrapper.

Bitwise’s BWCC introduction reflects increasing product development around blockchains purpose-built for financial market infrastructure. Tokenization continues gaining momentum as banking institutions and trading platforms evaluate digital settlement systems. The Canton ETP creates a targeted investment pathway into a network engineered for confidential institutional transactions.

The offering also enhances Bitwise’s European product range amid intensifying cryptocurrency ETP competition. Deutsche Börse Xetra provides BWCC with entry to a prominent regulated exchange platform in Germany. With the Canton ETP operational, Bitwise extends its asset coverage beyond established public blockchain cryptocurrencies.

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