Core Insights - Safello has launched the Safello Bittensor Staked TAO ETP on the SIX Swiss Exchange, aiming to enhance access to Bittensor (TAO) exposure across Europe [1][2] - The ETP is designed to provide a regulated vehicle that mirrors the performance and staking yield of the TAO token, with a management fee of 1.49% [2] - The product offers 100% physical backing through staked TAO, allowing investors to benefit from both price exposure and staking rewards [3][4] Product Structure - The ETP combines appreciation potential of TAO with reinvested staking yields, creating a total return instrument [4] - This structure caters to a growing market preference for regulated, yield-generating crypto products that simplify investor participation [4] Revenue Model - Safello will receive a revenue share based on the ETP's assets under management (AUM), representing a new revenue stream as the company diversifies its product offerings [5] - The long-term financial impact of this listing will depend on market demand for TAO exposure [5] Strategic Collaboration - The partnership with DDA ETP AG aligns with Safello's goal of providing compliant crypto investment options across Europe [6] - The launch of STAO supports Safello's mission to enhance accessibility to digital assets while ensuring regulatory clarity and investor protections [6] Market Context - CoinShares reported that digital asset investment products experienced $2 billion in outflows, marking the heaviest weekly withdrawals since February [7] - This sell-off has resulted in total outflows of $3.2 billion over three consecutive weeks [7]

Core Insights - BitGo has partnered with Deutsche Digital Assets GmbH to provide custody and staking services for the newly launched Safello Bittensor Staked TAO ETP [1] Group 1: Partnership Details - The partnership aims to deliver institutional-grade custody and staking solutions [1] - The Safello Bittensor Staked TAO ETP began trading on the SIX Swiss Exchange [1] Group 2: Product Information - The ETP is developed by Deutsche Digital Assets in collaboration with Safello [1] - The ETP is identified by ISIN: DE000A4APQY4, WKN: A4APQY, and Ticker: STAO [1]

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]

Core Insights - Deutsche Digital Assets plans to list an ETP for Bittensor (TAO), a cryptocurrency associated with decentralized AI, in collaboration with Safello [1] - The Safello Bittensor Staked TAO ETP will be traded on the SIX Swiss Exchange under the ticker STAO [1] - The product is physically backed by TAO tokens in cold storage, with returns based on TAO's price movements and staking rewards [2] Investment Product Details - The ETP will have a maximum fee of 1.49% and will automatically reinvest staking rewards into the fund [2] - It tracks the Kaiko Safello Staked Bittensor Index (KSSTAO) [5] Market Interest - There is increasing interest in Bittensor, a decentralized network for AI that incentivizes contributions of data and computing power for various tasks [3] - Bittensor is recognized for its potential in reshaping value creation through the convergence of decentralized technology and AI [5] Competitive Landscape - Yuma Asset Management, founded by Barry Silbert, has already launched an asset management approach to the Bittensor ecosystem, targeting wealthy investors [4] - In July, U.K. exchange Archax announced its agreement to acquire Deutsche Digital Assets [6]