Nordic exchange Safello and DDA will launch STAO, the first Bittensor ETP with staking rewards, listing on SIX Swiss Exchange.
Nordic crypto exchange Safello is entering the exchange-traded product market now. Consequently, the firm unveiled the first-ever Bittensor (TAO) ETP today. This product was developed in partnership with Deutsche Digital Assets (DDA) successfully. Therefore, this listing represents a major market expansion for Safello as a whole. The move links institutional finance and the AI-crypto sector effectively.
STAO ETP to Provide Regulated Access to AI-Crypto Staking
The Safello Bittensor Staked TAO ETP (STAO) will come on board the SIX Swiss Exchange in the near future. Specifically, the listing comes in November 19. Furthermore, the product works with a 1.49% management fee constantly. This fee is used to cover operational costs and staking service fees directly. Thus, the move sets up a new path of investment.
In addition, the STAO ETP is physically supported by TAO tokens directly. Regulated crypto custodians store these assets in secure, cold storage. This ensures institutional-grade security and compliance all the time. Therefore, the structure is a transparent and safe method of investment. The custody arrangement offers investor protection as a whole.
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In addition, the full TAO staking rewards are paid to the investors immediately. The ETP automatically invests rewards, net of service provider fees, actively. As a result of this yield is reflected in the net asset value (NAV) directly. This process provides investors with compounded returns over time on a consistent basis. Thus, it blends participation in the networks into a familiar structure.
Furthermore, the product follows the Kaiko Safello Staked Bittensor Index (KSSTAO Index). DDA ETP AG issues its branded product, Safello, directly. DDA is a crypto asset manager that is successfully backed by Deutsche Bank. Therefore, the collaboration takes advantage of strong financial support and expertise all the time. This ensures regulation compliance and efficient tracking.
Institutional Compliance Drives the AI-Blockchain Investment Model
The ETP is successfully designed for retail as well as institutional investors. They are seeking regulated exposure to the TAO network actively. This structured product makes the staking economy a lot easier to access. Consequently, it offers a method of investing that is secure and transparent. This strategic launch makes Safello an industry leader over all.
Emelie Moritz, CEO at Safello, called this a very important milestone now. She said the firm is introducing a new area of business successfully. The TAO ETP will make accessibility to the Bittensor network huge. She stressed Bittensor sits on the exciting intersection of AI and blockchain actively. Thus, Safello is going after cutting-edge technology right into the heart of it.
In addition, Maximilian Lautenschläger, CEO of DDA, was also very excited. He said the partnership uses DDA’s white-label ETP platform actively. This platform allows partners to launch innovative strategies in the crypto sector in no time. Therefore, it provides seamless exchange listings and regulatory adherence all the time. This makes it easier to enter a market with complex digital products.
In addition, this launch means the growing institutionalization of now AI-linked crypto. Staking integration with a compliant structure is the key. This move creates a crucial link between traditional and digital finance. Therefore, the STAO ETP is the paving stone for future staked digital assets. The market recognizes this great progression.
Finally, there is a revenue share on Safello now included in the cooperation agreement. This share is based on the assets under management (AUM) directly. Although the financial impact is currently not assessed, the potential is high. This offering is for the growing demand for consistent, productive digital assets. It therefore achieves a substantial competitive advantage with the move.
