- Deutsche Digital Assets has teamed up with Safello to list a new Bittensor exchange-traded product.
- Safello Bittensor Staked TAO ETP offers regulated exposure to Bittensor’s TAO token with staking rewards.
- Safello’s crypto ETP will trade on the SIX Swiss Exchange, one of Europe’s leading venues for crypto ETPs.
German crypto and digital asset manager Deutsche Digital Assets (DDA) and Nordic crypto exchange Safello have launched the Safello Bittensor Staked TAO ETP.
The announcement arrives as the crypto industry continues to welcome a growing range of digital asset products, following launches such as BlackRock’s Bitcoin ETP.
At the same time, Bittensor continues to draw attention as a leading decentralized artificial intelligence (AI) project.
Developments in AI from major technology companies including Nvidia, Microsoft and Meta have repeatedly pushed TAO and other AI-related tokens into the spotlight.
Staked Bittensor ETP listed on SIX Swiss Exchange
Frankfurt-based DDA, a pioneer in crypto exchange-traded products since 2017, announced the new product on March 29.
The ETP is a collaboration with Safello and brings a physically backed Bittensor offering to the expanding market.
The product follows the Kaiko Safello Staked Bittensor Index (KSSTAO) and is domiciled in Liechtenstein.
Trading under the ticker STAO (ISIN: DE000A4APQY4) on the SIX Swiss Exchange is planned to enable seamless buying and selling during normal market hours.
Additionally, the ETP’s assets are fully secured in cold storage with regulated custodian BitGo Europe GmbH and are backed 100% by physical TAO reserves.
What it means for investors
Investors gain total return exposure that combines TAO price appreciation with staking rewards, which are automatically reinvested into the fund’s net asset value (NAV).
With a competitive total expense ratio (TER) of 1.49%, the ETP uses an accumulating income structure, making it suitable for portfolio diversification amid rising interest in AI-driven blockchain assets.
Maximilian Lautenschläger, CEO and founder of DDA, emphasized the strategic fit:
“We are pleased to announce the launch of Safello Bittensor Staked TAO ETP through our partnership with Safello. By leveraging DDA’s white-label ETP platform, we enable our partner to bring its innovative crypto investment strategies to market while ensuring compliance with regulatory standards.”
Unlocking decentralized artificial intelligence
Bittensor (TAO) is currently trading around $425 and operates a pioneering peer-to-peer network that encourages collaborative machine learning.
Participants contribute data, models and compute power for tasks such as image recognition, fraud detection and protein structure prediction, earning TAO rewards within a proof-of-stake ecosystem.
With a market capitalization exceeding $4.3 billion, Bittensor exemplifies the convergence of blockchain and AI and stands out as a high-growth asset in the evolving digital economy.
Safello CEO Emelie Moritz commented:
“The launch of Safello Bittensor Staked TAO ETP highlights Safello’s conviction in decentralized AI. Bittensor is a strong example of how decentralized technology and AI converge to reshape value creation. Together with DDA, we make it straightforward for investors to access this innovation through a regulated and transparent investment vehicle.”
Bittensor’s price reached highs of $457 on March 29.