Solana News Update: The Inaugural TAO Staked ETP Connects Conventional Finance with AI-Powered Blockchain Advancements
- Safello and Deutsche Digital Assets launch STAO, the first Bittensor (TAO) Staked ETP on SIX Swiss Exchange, offering regulated AI blockchain exposure with staking rewards. - The ETP combines cold-storage TAO token backing, automatic staking yield reinvestment, and a 1.49% max fee, simplifying access to decentralized AI infrastructure. - Bittensor's 70% staked TAO tokens enhance network security, while global crypto ETP growth (e.g., Hong Kong SOL ETF, Bitwise BSOL) signals institutional adoption trends.
The cryptocurrency investment sector is undergoing a significant transformation as Nordic crypto platform Safello, in collaboration with Deutsche Digital Assets (DDA)—which is supported by Germany's
This offering, managed by DDA ETP AG, is physically secured by TAO tokens stored offline with a regulated custodian. Investors will gain from both TAO’s price changes and the automatic reinvestment of staking rewards, with fees capped at 1.49%. This model simplifies the process of crypto investment, enabling users to participate in AI-powered blockchain advancements without the need to handle wallets or staking setups, as highlighted in a
Bittensor is a decentralized, open-source machine learning platform where developers can create and profit from AI models. The network features dedicated "subnets" for various applications, such as language translation, fraud prevention, and protein structure analysis, rewarding contributors with TAO tokens. According to Yahoo Finance, over 70% of TAO in circulation is already staked, which helps secure the network and maintain token demand.
Emelie Moritz, CEO of Safello, highlighted the importance of this launch: "Bittensor exemplifies the merging of decentralized technology and AI, paving the way for new value creation. Our partnership with DDA allows investors straightforward access to this breakthrough through a regulated and transparent investment product." The ETP supports DDA’s mission to broaden its presence as a crypto ETP provider and white-label partner, offering compliant entry to innovative digital assets.
The introduction of the TAO ETP comes amid a rise in crypto ETP launches. Hong Kong has recently greenlit its first spot
The TAO ETP’s design—which merges physical token reserves, staking income, and regulatory oversight—serves as a link between conventional finance and AI-focused crypto assets. By automating staking and utilizing cold storage, the product reduces operational risks and appeals to both individual and institutional investors, according to Yahoo Finance.
Listing on the SIX Swiss Exchange highlights the increasing acceptance of crypto ETPs in mainstream financial markets. As regulatory bodies worldwide continue to refine digital asset policies, offerings like STAO demonstrate the possibilities for innovation within compliant frameworks. With Bittensor’s emphasis on AI infrastructure, this ETP could attract those interested in the next wave of blockchain technology.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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