Ah, the world of digital assets-a place where innovation meets investment… and sometimes, even confusion. Deutsche Digital Assets (DDA) and the ever-so-trendy Nordic crypto platform, Safello, have joined forces to introduce the Safello Bittensor Staked TAO ETP. It’s like the crypto world finally decided to let the traditional investors play without breaking a sweat. No more dealing with the complexities of crypto custody or on-chain staking. Just a smooth ride into the AI blockchain future, darling.
Expect this brilliant innovation to start trading on the SIX Swiss Exchange any day now under the catchy ticker STAO. Yes, you read that right, STAO. We can only assume they’ve mastered the art of keeping things simple for their customers. 🙄
The ETP, designed with traditional investors in mind (because let’s face it, who really wants to learn about wallets?), is fully backed by real TAO, stored securely in ‘cold storage’ by the ever-reliable BitGo Europe. It’s like your grandma’s savings account, but cooler and way more digital.
According to the announcement, this little gem comes courtesy of DDA’s white-label platform, a fancy way of saying, “we’ve done all the hard work so you don’t have to.” Thank goodness for that!
Maximilian Lautenschläger, CEO of DDA, chimed in, pointing out that the product allows partners like Safello to bring their crypto strategies to life while staying in the good graces of regulatory authorities. Sounds thrilling, right? But hey, compliance is sexy these days. 😏
And Now, A Shift Towards AI-Driven Wealth!
In a world where AI is taking over everything from your morning coffee order to your Netflix recommendations, Safello is now doubling down on the AI-powered digital assets. Emelie Moritz, Safello’s CEO, calls the launch a strategic move to embrace decentralized AI networks like Bittensor. Apparently, these networks are the next big thing in digital assets. Why? Because the future is now, and it’s decentralized, darling. 🤖
She added, “We’re teaming up with DDA to offer investors a simple, regulated, and transparent way to jump into this innovation.” Yes, because what’s more attractive than regulated and transparent investments? Seriously, nothing says “I’m a savvy investor” like knowing exactly what’s going on. 📈
Oh, and let’s talk about fees-because who doesn’t love a good expense ratio? The product tracks the Kaiko Safello Staked Bittensor Index, charges a lowly 1.49% total expense ratio, and oh, staking rewards? They’ll be rolled right into the ETP’s NAV (Net Asset Value), because who doesn’t love a little bonus on top of their price performance?
This move comes just as European asset managers are rolling out staking-based crypto ETPs. Because, why not make yield-bearing products available to traditional investors? Who says you can’t have your cake and eat it too? 🍰
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2025-10-29 17:16