Bitwise lists Canton ETP (BWCC) on Xetra

Bitwise has listed the Canton ETP (ticker BWCC; ISIN DE000A4ARTH9) on Deutsche Börse Xetra. The product tracks the Kaiko CANTO Reference Rate LDNLF index and carries a total expense ratio of 0.85 percent.

The ETP is fully backed by CC tokens held in cold storage. Investors can buy and sell BWCC through a regular brokerage account without needing a crypto wallet, using the regulated ETP structure to hold the underlying tokens.

Bradley Duke, managing director and head of Europe at Bitwise, described the listing as a timely addition to the firm’s European crypto ETP offerings and highlighted Canton Network’s design for financial markets, noting its combination of privacy, interoperability and programmability to meet institutional compliance requirements.

Canton Network is a privacy-enabled blockchain built for capital markets. Institutions including Goldman Sachs, BNP Paribas, Deutsche Börse and Broadridge took part in its development. Canton’s design allows parties in a transaction to see, validate and record only the information relevant to them, rather than publishing all activity on a public ledger.

CC, Canton’s native token, is used for network governance and operations. Bitwise states the token’s value is tied to adoption and usage within the Canton ecosystem.

BWCC’s listing on Xetra and its custody arrangement mean investors can gain exposure to CC through exchange trading and standard brokerage accounts instead of directly holding tokens. The ETP’s reference price is the Kaiko CANTO Reference Rate LDNLF index, which Bitwise identifies as the benchmark for CC pricing.