Deutsche Digital Assets and Safello Launch Bittensor ETP
Deutsche Digital Assets (DDA) has partnered with Nordic crypto platform Safello. Together, they will launch a new exchange-traded product (ETP) for traditional investors. The ETP offers easy exposure to Bittensor (TAO), a blockchain network focused on artificial intelligence.
The product, named Safello Bittensor Staked TAO ETP, will start trading soon. It will be listed on the SIX Swiss Exchange with the ticker symbol STAO.
ETP Details and Benefits
The ETP is designed to provide regulated access to Bittensor without the need for direct crypto custody or on-chain staking. It is 100% physically backed, meaning real TAO tokens support the product. BitGo Europe securely stores these tokens in cold storage.
DDA issues the product using its white-label platform. This platform offers the technical and regulatory framework for listing the ETP.
Maximilian Lautenschläger, CEO and founder of DDA, said the structure helps partners like Safello bring crypto investment products to market while meeting regulatory requirements. This approach aims to reduce entry barriers for new issuers.
Focus on AI and Future Growth
Safello sees the launch as part of a broader focus on AI-related digital assets. Emelie Moritz, CEO of Safello, said decentralized AI networks such as Bittensor will have an increasing role in the digital asset space.
She added, “Together with DDA, we’re making it possible for investors to easily access this innovation through a regulated and transparent investment vehicle.”
The ETP tracks the Kaiko Safello Staked Bittensor Index and is domiciled in Liechtenstein. It has a total expense ratio of 1.49%. Staking rewards are added to the ETP’s net asset value, letting investors benefit from both yield and price gains.
This launch follows a growing trend in Europe. Asset managers are introducing staking-based crypto ETPs that offer yield within traditional brokerage accounts.
For more information, see the official announcement.
