Deutsche Digital Assets (DDA), a European crypto asset manager, has partnered with Safello, the Nordic cryptocurrency exchange, to introduce the Safello Bittensor Staked TAO exchange traded product (ETP). This product, set to trade on the SIX Swiss Exchange under the ticker STAO, is scheduled to begin trading on November 19, 2025, and represents the first-ever ETP focused on Bittensor (TAO).
The ETP is a total return product that tracks the Kaiko Safello Staked Bittensor Index (KSSTAO Index) and carries a maximum management fee of 1.49%. It is backed 100% by physically held TAO tokens stored in cold custody with a regulated crypto custodian, ensuring a compliant structure for investors. Notably, investors in STAO will earn staking rewards, which are automatically reinvested to enable compound growth within the product's Net Asset Value (NAV).
Emelie Moritz, CEO of Safello, emphasized the significance of this launch, stating, "The launch of the Safello Bittensor Staked TAO ETP underlines our conviction in decentralized AI. Bittensor is a prime example of how decentralized technology and AI are converging to reshape the future of value creation." Maximilian Lautenschläger, CEO and founder of DDA, added, "We are excited to announce the launch through our collaboration with Safello. By leveraging our platform, we enable partners to bring innovative crypto strategies to market efficiently while ensuring full regulatory compliance and robust index tracking."
This ETP leverages DDA's white-label crypto ETP platform, providing Safello access to regulatory infrastructure, index management, and exchange listing capabilities. The launch highlights growing investor appetite for AI-integrated blockchain ecosystems, as Bittensor is a decentralized network combining artificial intelligence and open-source machine learning, allowing developers to build and monetize AI models.
In related market context, Bittensor's native token, TAO, has seen significant interest, with a 42.35% price increase in October, trading at $427.59 at the time of reporting. Its market capitalization stands at $4.35 billion, with a fully diluted valuation of $8.97 billion, positioning it among the top 30 crypto assets. This development occurs amid a surge in crypto ETP launches, including Bitwise's Solana Staking ETF and others, reflecting a broader trend toward institutional-grade access to decentralized finance and AI-driven assets.
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