Bitwise has launched the Bitwise Canton ETP on Deutsche Börse Xetra, giving investors exchange‑traded exposure to CC, the native token of the Canton Network. The product trades under the ticker BWCC, and Bitwise Europe GmbH in Germany issues it and fully backs it with CC tokens held in cold storage.
The asset manager describes BWCC as an exchange‑traded product that tracks a reference rate for CC, the utility token that powers the Canton Network blockchain platform. The ETP aims to mirror the performance of that index after fees, so investors can participate in CC’s price movements through their regular brokerage accounts.
Moreover, the issuer says Bitwise backs BWCC “entirely with CC tokens stored securely in cold storage,” meaning it holds real Canton tokens with institutional custodians instead of using swaps or futures. Because the backing sits in offline wallets, the structure reduces exposure to online hacks while still allowing creation and redemption of ETP shares through authorized participants.
Additionally, the ETP is part of Bitwise’s growing European crypto lineup on Xetra, which already includes products tied to networks like Avalanche and NEAR. Therefore, BWCC slots into a familiar framework for investors who already trade physically backed crypto ETPs in Europe.
Why Bitwise is Betting on Canton’s CC Token
Canton Network presents itself as a privacy‑enabled blockchain designed for capital markets, built to enable banks and financial institutions to issue, trade, and settle assets while keeping sensitive data private. The CC token functions as the network’s native utility asset, aligning incentives and supporting activity across its “Global Synchronizer” infrastructure.
“Bitwise Canton ETP is a timely addition to our expanding collection of European crypto ETPs,” said Riley Duke, managing director and head of Europe at Bitwise, in the launch announcement.
He also said that Canton Network stands out as a blockchain platform designed for global financial markets. It brings together privacy, interoperability, and programmability to meet institutional compliance standards. Riley explained that BWCC gives investors simple exchange-traded access to this ecosystem through a regulated ETP framework.
Because a German entity issues BWCC and trades on Deutsche Börse Xetra, this gives European investors CC exposure within a regulated market venue while leaving token custody and security to professional providers. The listing marks another step in moving Canton’s token from a purely on-chain asset toward a form that traditional market participants can access alongside stocks and ETFs.
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