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

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Deutsche Digital Assets (DDA), a European crypto asset supervisor, has teamed up with Safello, the Nordic cryptocurrency change, to launch the Safello Bittensor Staked TAO change traded product (ETP).

The product will use Deutsche Digital Assets white-label crypto ETP platform and will start buying and selling on the SIX Swiss Exchange beneath the ticker STAO.

According to the corporations’ the Safello Bittensor Staked TAO ETP will give buyers a regulated approach to acquire publicity to Bittensor (TAO) — a blockchain community combining decentralized synthetic intelligence (AI) and open-source machine studying.

The ETP is backed 100% by bodily held TAO saved in chilly custody with a regulated crypto custodian, STAO presents a compliant construction for buyers searching for to diversify portfolios by a trusted and clear framework.

Staked Returns Meet Institutional Standards

The new ETP is a complete return product that tracks the Kaiko Safello Staked Bittensor Index (KSSTAO Index) and carries a most administration payment of 1.49%.

In addition to accessing TAO’s value efficiency, buyers in STAO will earn staking rewards — with returns amassed into the product’s NAV. Those rewards are reinvested, permitting compound progress inside a regulated exchange-traded format.

“The launch of the Safello Bittensor Staked TAO ETP underlines our conviction in decentralized AI,” mentioned Emelie Moritz, CEO of Safello. “Bittensor is a chief instance of how decentralized expertise and AI are converging to reshape the long run of worth creation.”

A Step Forward for Europe’s Crypto ETP Market?

Deutsche Digital Assets white-label ETP platform backs a technology of regulated digital asset merchandise. Through this platform, Safello mentioned it additionally beneficial properties entry to DDA’s regulatory infrastructure, index administration, and change itemizing capabilities.

“We are excited to announce the launch of the Safello Bittensor Staked TAO ETP by our collaboration with Safello,” mentioned Maximilian Lautenschläger, CEO and founder of Deutsche Digital Assets. “By leveraging our platform, we allow companions to carry modern crypto methods to market effectively whereas making certain full regulatory compliance and strong index monitoring.”

Merging DeFi, AI, and Traditional Finance

The launch of STAO marks a big milestone for each the digital asset and AI sectors. By bridging decentralized machine studying with regulated capital markets, the ETP highlights the growing investor appetite for AI-integrated blockchain ecosystems.

With its itemizing on the SIX Swiss Exchange and a complete expense ratio of 1.49%, the Safello Bittensor Staked TAO ETP displays a broader pattern: buyers demanding institutional-grade entry to DeFi and AI-driven belongings — all throughout the safeguards of conventional monetary infrastructure.

As decentralized AI turns into a cornerstone of Web3 innovation, merchandise like STAO might outline a brand new wave of regulated crypto funding alternatives mixing staking, intelligence, and compliance beneath one banner.

Bittensor (TAO) Climbs 42% in October

Bittensor’s native token, TAO, is up 42.35% over the previous month, buying and selling at $427.59 in accordance with CoinMarketCap. The AI-powered decentralized community continues to draw robust investor curiosity amid rising enthusiasm for crypto tasks merging synthetic intelligence and blockchain.

TAO’s market capitalization now stands at $4.35 billion, with a completely diluted valuation (FDV) of $8.97 billion, positioning Bittensor among the many high 30 crypto belongings by market cap. Trading quantity up to now 24 hours reached $408 million, suggesting sustained liquidity and investor participation regardless of latest market corrections throughout the broader digital asset house.

The publish Deutsche Digital Assets and Safello Launch Staked TAO ETP — New Wave of Crypto Products? appeared first on Cryptonews.

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