New TAO ETP marks the latest wave in crypto ETF launches across Europe, the US, and Asia
Nordic crypto exchange Safello is entering the regulated exchange-traded product (ETP) market with the launch of the world’s first Bittensor (TAO) ETP, developed in partnership with Deutsche Digital Assets (DDA) — a digital asset manager backed by Deutsche Bank.
The Safello Bittensor Staked TAO ETP (STAO) will list on the SIX Swiss Exchange on Nov. 19, featuring a 1.49% management fee, according to Wednesday’s announcement.
“This is an important milestone for our new business area,” said Emelie Moritz, CEO of Safello. “The Safello TAO ETP will, as the first product from Safello, increase accessibility to Bittensor — one of the most exciting networks at the intersection of blockchain and AI.”
The TAO price has gone down over 4% in the past day
The product is issued by DDA ETP AG and fully backed by TAO tokens held in cold storage with a regulated custodian. Investors will also receive staking rewards that are automatically reinvested into the product, compounding returns through the Net Asset Value (NAV).
Bittensor: The Blockchain-AI Fusion Layer
Bittensor is a decentralized, open-source machine-learning network that allows developers to train, share, and monetize AI models without centralized intermediaries. Its subnet structure enables specialized AI marketplaces, where developers, miners, and validators collaborate and earn rewards in TAO tokens.
Industry analysts view Bittensor as part of a broader “AI-meets-crypto” trend, combining decentralized compute, data, and capital. Chris Miglino, CEO of DNA Fund, told Cointelegraph earlier this year that networks like Bittensor could “become the financial and computational backbone for AI, just as Bitcoin became for digital money.”
A DDA spokesperson added that the launch fits within the firm’s strategy “to act as both an independent crypto ETP issuer and a white-label partner, enabling compliant access to innovative digital-asset products.”
Crypto ETP Season Accelerates Worldwide
The TAO ETP arrives amid a surge in crypto ETF and ETP listings globally. This week, Bitwise’s Solana Staking ETF (BSOL) debuted in the US with $222.8 million in assets and an estimated 7% staking yield. Meanwhile, Canary’s Litecoin (LTC) and Hedera (HBAR) funds are set to begin trading, while Grayscale’s Solana Trust prepares to convert into an ETF.
In Asia, Hong Kong approved its first spot Solana ETF last week — the city’s third spot crypto ETF following Bitcoin (BTC) and Ether (ETH) approvals — reinforcing the global institutional shift toward blockchain-based investment vehicles.
Safello’s TAO ETP highlights how blockchain-AI networks are moving from the developer sphere to regulated financial markets — signaling a new era where artificial intelligence meets tradable digital assets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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