Bitwise Expands European Product Shelf with Canton Network ETP

Bitwise Asset Management has continued its expansion into European financial markets with the listing of the Canton Network ETP on Deutsche Börse Xetra. The product, which trades under the ticker BWCC, is backed entirely by CC tokens held in cold storage and tracks the Kaiko CANTO Reference Rate LDNLF index.

The Canton Network is an enterprise-grade blockchain infrastructure designed for financial institutions to tokenize assets and trade them confidentially. Digital Asset, the company behind the network, publicly introduced it in 2023 with a focus on interoperability between different systems. Major financial institutions such as Goldman Sachs and BNP Paribas have committed to participating in the network.

The listing of the Canton Network ETP by Bitwise follows similar listings by other companies, including 21Shares' product which has accumulated approximately $680,000 in assets under management since its listing in November 2025. However, the market for Canton exposure remains extremely thin, with liquidity a major concern.

The value proposition of the Canton Network is tied to whether major financial institutions follow through on their tokenization ambitions. If they do, it could potentially lead to significant growth and adoption of the network.