Telegram’s token has been on a major ascent. And now, it has its very own Exchange Traded Product.

‍What’s happening:‍

• DeFi Technologies (CBOE: DEFI) has launched an Exchange Traded Product for TON, the crypto coin of popular encrypted messaging app Telegram
  

By the numbers:‍

• TON has recently surged to popularity, becoming the 9th largest digital asset globally by market capitalization
  
• The current market capitalization of TON is approximately $23B USD
  

Why it matters:‍

• Bringing digital assets into traditional public markets has been on the rise, with spot Bitcoin ETFs launching in the United States and Hong Kong for the first time ever
  
• Bringing decentralized digital assets into Exchange Traded Products is a seamless way to expand the accessibility of owning crypto projects through traditional public markets
  

Going deeper:‍

• Through their subsidiary Valour, DeFi Technologies operates multiple different Exchange Traded Products for leading digital assets such as Solana, Avalanche, Polkadot and others
  

The intrigue:‍

• DeFi Technologies also recently announced the launch of the world’s first Exchange Traded Product that generates yield from owning Bitcoin

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