The new Safello TAO ETP brings regulated, yield-bearing exposure to Bittensor to European investors via a familiar exchange-traded format.
What does Safello TAO ETP listing on SIX Swiss Exchange offer?
Safello, the leading crypto exchange in the Nordics, has listed its physically backed and staked TAO Exchange Traded Product on SIX Swiss Exchange. Announced in Stockholm on Nov. 19, 2025, the product is now live for trading across European trading platforms and via major online brokers.
The Safello-branded vehicle, officially named Safello Bittensor Staked TAO ETP, is issued by DDA ETP AG under a partnership agreement signed earlier this year. Trading on SIX starts at market open under the ticker STAO, is quoted in US dollars and carries a management fee of 1.49%.
How is the Bittensor staked product structured?
The Safello Bittensor Staked TAO ETP is designed to give investors regulated exposure to Bittensor (TAO) in a standard exchange-traded wrapper. Moreover, the instrument is 100% physically backed by staked TAO, meaning the issuer actually holds the underlying tokens rather than using synthetic replication.
Through this structure, investors gain direct price exposure to TAO while also accessing on-chain staking rewards, net of service provider fees. However, instead of being paid out, those rewards are automatically reinvested into the ETP and captured in its net asset value (NAV), creating a total return profile.
What are the economics of the Safello TAO product?
As previously communicated by the company, Safello will receive a revenue share based on the ETP’s assets under management (AUM). That said, the ultimate financial impact on Safello’s results cannot yet be quantified, as it will depend on long-term investor adoption and overall TAO market conditions.
This structure positions the vehicle within the emerging segment of yield-generating digital asset products in Europe. In that context, the launch strengthens the market for a regulated Bittensor staked ETP available on a major venue like SIX.
Who advises and supports Safello in this listing?
Amudova AB acts as Safello’s certified adviser in connection with the ETP initiative and the company’s broader capital markets activities. Moreover, the issuer DDA ETP AG brings its dedicated expertise in structuring and managing physically backed ETPs for institutional and retail clients.
The combination of a Nordic retail-focused exchange, a specialist ETP issuer and a blue-chip Swiss listing venue underpins the institutionalisation of TAO as an investable asset. However, as with any crypto-linked instrument, performance remains closely tied to the underlying token’s volatility and staking economics.
How does this ETP fit into Safello’s broader strategy?
Founded in 2013, Safello is the leading cryptocurrency exchange in the Nordics, serving more than 418,000 users. The company’s mission is to make crypto accessible to everyone, and this new safello tao etp extends that ambition into the regulated securities markets.
Safello offers secure, seamless services for buying, selling, storing, depositing and withdrawing cryptocurrencies directly from the blockchain with instant delivery. Additionally, Safello AB operates in Sweden and is authorized as a crypto-asset service provider under MiCA, while parent company Safello Group AB has traded on Nasdaq First North Growth Market since 2021.
This background positions the firm to help mainstream investors access innovative structures such as a physically backed ETP with embedded TAO staking rewards. For further company information, Safello directs investors to its website at safello.com, underscoring its push toward regulated crypto ETP Europe offerings.
In summary, the listing of the Safello Bittensor Staked TAO ETP on SIX Swiss Exchange broadens access to Bittensor via a regulated vehicle that combines price exposure, staking yield and a physically backed structure. The move marks another step in Safello’s expansion from Nordic exchange operator into issuer brand within Europe’s fast-evolving physically backed ETP market.
Source: https://en.cryptonomist.ch/2025/11/19/safello-tao-etp/
