Deutsche Digital Assets and Safello Launch Staked TAO ETP — New Wave of Crypto Products?

Core Insights - Deutsche Digital Assets (DDA) has partnered with Safello to launch the Safello Bittensor Staked TAO exchange traded product (ETP) on the SIX Swiss Exchange under the ticker STAO [1][2] - The ETP provides a regulated investment vehicle for exposure to Bittensor (TAO), a blockchain network that integrates decentralized AI and open-source machine learning, with 100% of the product backed by physically held TAO in cold custody [2][4] - The STAO ETP is a total return product tracking the Kaiko Safello Staked Bittensor Index (KSSTAO Index) with a maximum management fee of 1.49%, allowing investors to earn staking rewards that are reinvested for compound growth [3][6] Company and Industry Developments - The launch emphasizes the convergence of decentralized technology and AI, showcasing the potential for reshaping value creation in the future [4][5] - DDA's white-label ETP platform supports the development of regulated digital asset products, providing Safello with access to regulatory infrastructure and index management capabilities [4][5] - The introduction of STAO reflects a growing trend among investors seeking institutional-grade access to decentralized finance (DeFi) and AI-driven assets within traditional financial frameworks [6]