Safello’s Staked TAO ETP Goes Live in Euros on Euronext Paris

Safello has cross-listed its Bittensor Staked TAO ETP (STAO) on Euronext Paris, opening euro-denominated access to one of Europe’s largest exchanges. The product already trades on SIX Swiss Exchange in US dollars and Nasdaq Stockholm in Swedish kronor; Paris adds a third currency and, more importantly, a third distribution channel.

What is STAO?

STAO is issued by DDA ETP AG under a partnership signed with Safello last year. It is 100% physically backed by staked TAO, giving holders direct spot exposure to Bittensor while the underlying tokens earn on-chain staking rewards.

Those rewards are automatically reinvested into the product and reflected in its net asset value, making STAO a total-return instrument rather than a pure price tracker. Safello takes a revenue share based on assets under management.

Why Paris matters for this new listing

For French private banks and CGPs (conseillers en gestion de patrimoine — the independent wealth advisers who route a large share of French retail and high-net-worth money), a Paris listing is frequently a hard prerequisite: their standard order management systems won’t touch a product that isn’t listed on an exchange they’re set up to trade. The cross-listing makes STAO immediately distributable across that intermediary network.

It also clears a structural blocker for continental institutions like asset managers, family offices, allocators whose internal trading policies or mandates often rule out Swiss or Nordic venues outright. With Paris added to Zurich and Stockholm, Safello and DDA now cover a meaningful slice of the European map.

What the leaders say

• Frank Schuil, founder and CEO, Safello: framed the French market as a sophisticated, growing investor base that understands both AI and digital assets, and argued Bittensor belongs in their portfolios.
• Romain Bensoussan, Head of Sales, DDA: called the listing a straightforward path for European institutions and distributors to access an instrument that pairs decentralized-AI exposure with native staking yield.

Context

Safello is the Nordics’ largest crypto exchange; 425,000+ users, founded in 2013, MiCA-authorized as a crypto-asset service provider, with parent Safello Group AB listed on Nasdaq First North Growth Market since 2021.

STAO remains one of the few regulated, staking-native ways for traditional European money to get TAO exposure without touching a wallet.

Source: Safello press release, Stockholm, 2 June 2026.