Safello Lists Physically Backed Staked TAO ETP on SIX Swiss Exchange

Safello, a cryptocurrency exchange in the Nordics, has listed its physically backed and staked TAO Exchange Traded Product (ETP) on the SIX Swiss Exchange.

Announced on Wednesday, this latest launch is part of the company’s strategy to broaden access to Bittensor (TAO) across Europe. The product is now available for trading in U.S. dollars on European trading platforms and through major online brokers.

Safello's staked TAO ETP is now listed on SIX Swiss Exchange in Zurich 🚀

Europe now gets regulated access to Bittensor's $TAO via our physically backed, staked #ETP issued by @DDA_GmbH.

Safello Bittensor Staked TAO ETP (#STAO) trades in $USD and reinvests staking rewards ✨ pic.twitter.com/1GoqItkYee

— Safello (@SafelloAB) November 19, 2025

The ETP, formally named the Safello Bittensor Staked TAO ETP, is issued by DDA ETP AG under a partnership established earlier this year. Trading under the ticker STAO, the product carries a management fee of 1.49% and provides investors with a regulated, exchange-traded vehicle designed to mirror both the performance and staking yield of Bittensor’s TAO token.

Fully Backed and Staked Structure Targets Total Return

The new ETP offers 100% physical backing through staked TAO held within the structure. This allows investors to gain direct price exposure to the underlying asset while also capturing the staking rewards generated on-chain. After deducting service provider fees, these rewards are automatically reinvested into the ETP, boosting its net asset value over time.

This design creates a total return instrument, combining the appreciation potential of TAO with the compounding effect of reinvested staking yields. The structure reflects a growing market preference for regulated, yield-generating crypto products that do not require investors to manage custody, staking mechanics, or blockchain interactions themselves.

Revenue Share Model Supports Safello’s Growth Strategy

Safello said it will receive a revenue share based on the ETP’s assets under management (AUM). While the long-term financial impact is still unclear and will depend on market demand for TAO exposure, the listing represents a new revenue stream for Safello as it continues to diversify its product ecosystem.

The collaboration with DDA ETP AG is in line with Safello’s broader goal of offering compliant crypto investment options across Europe. The company emphasized that the STAO launch supports its mission of making digital assets easier to access while maintaining regulatory clarity and investor protections.

Digital Asset Products See $2B Outflows

CoinShares reports digital asset investment products suffered their heaviest weekly outflows since February, with $2 billion exiting the market last week.

The sell-off marked the third consecutive week of withdrawals, bringing total outflows over the period to $3.2 billion.

The slump follows sharp price declines across major cryptocurrencies, which have pushed total assets under management in digital asset ETPs down 27% from their early-October peak of $264 billion to $191 billion.