Safello Announces Partnership with DDA
Safello, the leading cryptocurrency exchange in the Nordics, has announced the launch of its Safello Bittensor Staked TAO ETP in collaboration with Deutsche Digital Assets (DDA). This physically backed product, named Safello Bittensor Staked TAO ETP, is issued by DDA ETP AG under a partnership agreement with Safello.
Key Details of the ETP
The Safello Bittensor Staked TAO ETP is scheduled to be listed on SIX Swiss Exchange on 19 November under the ticker STAO, featuring a 1.49% management fee. The ETP is supported by TAO, securely held in cold storage by a regulated crypto custodian.
Investment Benefits
Investors not only gain price exposure but also receive the full TAO staking rewards (net of fees), reinvested into the ETP to enhance its net asset value. The product tracks the Kaiko Safello Staked Bittensor Index (KSSTAO Index), catering to retail and institutional investors looking for regulated TAO exposure.
CEO Statements
Emelie Moritz, CEO of Safello, views this milestone as crucial for the company’s new business area. On the partnership, Maximilian Lautenschläger, CEO of DDA, highlights the opportunity to bring innovative crypto investment strategies to market.
For more information, contact David Leeb, Chief Marketing Officer.
Safello Overview
Safello, founded in 2013, is the top cryptocurrency exchange in the Nordics with 410,000+ users. It aims to enhance crypto accessibility for everyone, offering a secure platform for crypto transactions. Safello operates in Sweden under authorization as a crypto-asset service provider. The parent company, Safello Group AB, has been listed on Nasdaq First North Growth Market since 2021.
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