Deutsche Digital Assets and Safello launch Safello Bittensor Staked TAO ETP 

The ETP is now launched and will start trading on SIX Swiss Exchange under the ticker STAO in a couple of weeks.

Safello Bittensor Staked TAO ETP is 100% physically backed by Bittensor (“TAO”) and is held in “cold storage” at a regulated crypto custodian. The Safello Bittensor Staked TAO ETP provides a simple, regulated and secure way for investors to gain exposure to Bittensor at a total expense ratio of 1.49% while simultaneously enjoying staking returns accumulated in the NAV of the product. The product is designed to meet the needs of both retail and institutional investors looking to diversify portfolios and participate in the digital asset economy through a familiar, regulated format.

The Safello Bittensor Staked TAO ETP is a total return exchange-traded product that tracks the Kaiko Safello Staked Bittensor Index (KSSTAO Index). The ETP has a maximum management fee of 1.49%. In addition to TAO’s price movements, investors in STAO earn the full TAO staking rewards (less service provider fees), which are accumulated in the NAV. Rewards earned are reinvested into the ETP, further benefitting investors.

“We are excited to announce the launch of Safello Bittensor Staked TAO ETP through our collaboration with Safello. By leveraging DDA’s white-label ETP platform, we enable our partner to bring their innovative crypto investment strategies to market, while ensuring compliance with regulatory standards, seamless exchange listings, and efficient index tracking.” said Maximilian Lautenschläger, CEO and founder of DDA.

“The launch of Safello Bittensor Staked TAO ETP underlines Safello’s conviction in decentralised AI. Bittensor is a prime example of how decentralized technology and AI are converging to reshape the future of value creation. Together with DDA, we’re making it possible for investors to easily access this innovation through a regulated and transparent investment vehicle.” said Emelie Moritz, CEO at Safello.

The ETP is 100% physically backed, with Bittensor, securely held in cold storage by an institutional-grade custodian. Investors can buy and sell the product during regular trading hours, just like any other listed security.