Deutsche Digital Assets and Safello to List Staked Bittensor ETP on SIX Swiss Exchange

Deutsche Digital Assets (DDA), a Germany-regulated ETP provider, is partnering with Nasdaq Nordic-listed broker Safello to list the Safello Bittensor Staked TAO ETP on the SIX Swiss Exchange under the ticker STAO. This exchange-traded product offers investors regulated exposure to the TAO token, which is linked to decentralized artificial intelligence, and provides returns based on both price movements and automatically reinvested staking rewards, subject to a maximum fee of 1.49%. The product is fully physically backed by TAO tokens held in cold storage by a regulated custodian and tracks the Kaiko Safello Staked Bittensor Index (KSSTAO). Safello CEO Emelie Moritz highlighted that this vehicle makes the convergence of decentralized technology and AI easily accessible to investors through a regulated structure. Interest in Bittensor, a decentralized network rewarding contributions to AI tasks, is growing, evidenced by asset management approaches already targeting its native tokens.

(Source：CoinDesk)