Key Takeaways
- • CoinShares is renaming its Toncoin Staking ETP (ticker CTON) to the CoinShares Gram Staking ETP, effective June 15, 2026, reflecting the token's rename from Toncoin (TON) to Gram (GRAM).
- • The rebrand is label-only: the product remains 100% physically backed by real tokens, charges 0% management fees, and continues to share staking rewards with investors.
- • Token holders approved the switch in a community vote held June 1 to June 8, 2026, with 81.22% support.
- • Telegram CEO Pavel Durov framed the change as a return to the project's origins, as Telegram retook control of The Open Network (TON) in May 2026.
- • Rival issuer 21Shares rebranded its Toncoin Staking ETP on June 16, 2026, changing its ticker from TONN to GRAM without altering asset specifications.
Summary
CoinShares is renaming its Toncoin Staking ETP, formerly traded as CTON, to the CoinShares Gram Staking ETP, with the change effective June 15, 2026, according to the publisher's report. The fund's structure is unchanged. According to CoinShares, the product remains 100% physically backed by tokens held in reserve rather than derivatives, carries a 0% management fee, and continues to distribute staking rewards earned on the underlying tokens to investors. No migrations or token swaps are required of holders.
The rename follows the token's own rebranding. The network remains The Open Network (TON), but the native token changes from Toncoin (TON) to Gram (GRAM). A community vote held June 1 to June 8, 2026, approved the switch with 81.22% support. Telegram CEO Pavel Durov has described the change as a return to the project's origins. Telegram's 2018 whitepaper originally introduced the token as Gram, but the project later faced significant regulatory difficulties in the US. Following a 2020 settlement with the SEC, the open-source TON Foundation took over network maintenance and the token became known as Toncoin. Telegram regained control of TON in May 2026.
CoinShares is not alone in the move. Rival issuer 21Shares rebranded its own Toncoin Staking ETP on June 16, 2026, one day after CoinShares' change took effect. The 21Shares product changed its ticker from TONN to GRAM, and the firm said the asset's specifications would not be altered.
The rename follows the token's own rebranding. The network remains The Open Network (TON), but the native token changes from Toncoin (TON) to Gram (GRAM). A community vote held June 1 to June 8, 2026, approved the switch with 81.22% support. Telegram CEO Pavel Durov has described the change as a return to the project's origins. Telegram's 2018 whitepaper originally introduced the token as Gram, but the project later faced significant regulatory difficulties in the US. Following a 2020 settlement with the SEC, the open-source TON Foundation took over network maintenance and the token became known as Toncoin. Telegram regained control of TON in May 2026.
CoinShares is not alone in the move. Rival issuer 21Shares rebranded its own Toncoin Staking ETP on June 16, 2026, one day after CoinShares' change took effect. The 21Shares product changed its ticker from TONN to GRAM, and the firm said the asset's specifications would not be altered.
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