Germany-based Deutsche Digital Assets has partnered with Nasdaq Nordic-listed broker Safello to launch the Safello Bittensor Staked TAO ETP (ticker: STAO) on the SIX Swiss Exchange. The product, announced on October 29, 2025, provides regulated access to Bittensor’s TAO token and its staking yields, opening the door for investors seeking exposure to decentralized computing rewards without direct crypto custody.
The ETP is fully backed by TAO tokens held in cold storage with a regulated custodian and tracks the Kaiko Safello Staked Bittensor Index (KSSTAO). It automatically reinvests staking rewards, combining potential price appreciation with recurring income, and carries a management fee of 1.49%. Trading is expected to begin in the coming weeks, further positioning Switzerland as a leader in digital asset innovation under clear regulatory frameworks.
For investors, the STAO product represents a bridge between traditional finance and the decentralized AI economy. It allows participation in Bittensor’s incentive system, which rewards contributors for running machine learning tasks such as translation and pattern recognition, without requiring them to operate nodes or manage wallets.
The introduction of STAO follows a wave of similar efforts aimed at making blockchain-powered computing assets investable for institutional portfolios. Barry Silbert’s Yuma Asset Management has also targeted high-net-worth investors with subnet-based token offerings, signaling a growing competition to package decentralized network participation into regulated instruments.
While some see this as a sign of maturity for the decentralized computing sector, others question whether such exchange-traded products will truly advance decentralization or simply consolidate rewards among a small circle of financial institutions.
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