Home News Investment fund will pay interest in Toncoin cryptocurrency

Investment fund will pay interest in Toncoin cryptocurrency


Important facts:
  • TON staking currently yields around 4.18% interest per year.

  • It is a cryptocurrency, which was initially associated with the founders of Telegram.

Financial asset management and investment company, 21Shares, launched an exchange-traded product (ETP) based on the Toncoin (TON) cryptocurrency.

This investment fund is listed on the Swiss Exchange SIX ticker ton, Its peculiarity is that, in addition to following the TON price, Pays investors the profits that 21Shares receives from staking that cryptocurrency, As can be seen on the website Staking RewardsThe yield at the time of this publication is 4.18% per annum (paid in TON).

In this way, TONN wants to become attractive both for “traditional” investors who prefer to operate on regulated exchanges (and not on cryptocurrency exchanges) and also for those who want to stake TON but are uncomfortable with the technicalities involved. Don’t want to deal with complications. In the delegation of TON. Please note that For Run a TON Node And being a validator for the network requires 600,000 units of TonCoin. (Over $2 million at the time of this publication).

In statements made to the press, Ophelia Snyder, co-founder and president of 21Shares, highlighted the fact that this investment fund includes stakes, which This makes it better – in their opinion – to follow the price of the underlying asset., “A volatile ETP will give up its income stream that is paid in TON, so investors who think in dollar terms will see their dollar yield increase if TON goes up,” he explains.

Features of TONN (Automatic translation by Google). Source: 21Shares.

Despite this news, there has been no major shock in the price of TON cryptocurrency in the past day. Yes, however, it has increased significantly in the last month. Over that period, the increase was more than 125% as seen in the following graph:

TON price in the last 30 days. Source: CoinGecko.

This increase in the price of TON is due to news related to the Telegram messaging application. the thing is that, Initially, there was a relationship between the TON development team and the founders of Telegram., Subsequently, both organizations took independent paths.


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