TL;DR
- Deutsche Digital Assets and Safello have launched the Safello Bittensor Staked TAO ETP (STAO), a product listed on the SIX Swiss Exchange.
- The ETP is fully backed by TAO tokens and automatically reinvests staking rewards into its net asset value.
- Bittensor has surged 42.35% in October and is trading near $427, with a market capitalization of $4.35 billion.
Deutsche Digital Assets and Safello have launched the Safello Bittensor Staked TAO ETP (STAO), an exchange-traded product offering exposure to Bittensor (TAO), a blockchain that combines decentralized artificial intelligence and open-source machine learning.
The ETP will begin trading on the SIX Swiss Exchange under the ticker STAO. It is fully backed by TAO held in cold wallets and allows investors to earn staking rewards automatically reinvested into the NAV, generating compound growth.
STAO tracks a total return index, the Kaiko Safello Staked Bittensor Index (KSSTAO Index), and applies a maximum management fee of 1.49%. It combines TAO’s price performance with additional staking income, providing institutional investors with a transparent and secure structure to diversify their portfolios.
Deutsche Digital Assets contributes its white-label platform, enabling Safello to leverage its regulatory infrastructure, index management, and exchange listing capabilities, ensuring compliance and robust index tracking. Bittensor exemplifies how decentralized AI and blockchain technology can merge to create value.
Uptober for Bittensor
There is growing demand for assets that integrate DeFi and artificial intelligence under institutional-grade standards. This new ETP gives investors access to staking yields and the potential of an integrated ecosystem within the protection of traditional financial infrastructure.
Bittensor (TAO) has shown strong performance in October, rising 42.35% to $427.59. Its market capitalization has reached $4.35 billion, with a fully diluted valuation of $8.97 billion, positioning it among the top 30 crypto assets by market cap. Trading volume over the past 24 hours is around $408 million.
STAO merges blockchain technology, artificial intelligence, and DeFi tools in a regulated ETP, offering investors an instrument that integrates staking, yield generation, and compliance — setting a new standard for the next generation of crypto investment products in Europe.
