Stockholm, 19 November 2025 | Safello, the leading crypto exchange in the Nordics, announces that the company has listed its physically backed and staked TAO Exchange Traded Product (ETP) on SIX Swiss Exchange. The ETP is now available for trading on European trading platforms and through online brokers.
The Safello-branded product, named Safello Bittensor Staked TAO ETP, is issued by DDA ETP AG under the partnership agreement entered into earlier this year, and is now listed on SIX Swiss Exchange and available for trading in US dollars. Trading begins at market open under the ticker STAO, with a management fee of 1.49%.
The Safello Bittensor Staked TAO ETP, which aims to provide investors with regulated exposure to Bittensor (TAO) in a familiar exchange-traded format, is 100% physically backed by staked TAO. Investors gain direct price exposure to TAO while also benefiting from on-chain staking rewards, net of service provider fees. These rewards are automatically reinvested into the product and reflected in its net asset value (NAV), enabling a total return structure.
As previously communicated, Safello will receive a revenue share based on assets under management (AUM), but the financial impact for Safello cannot yet be assessed.
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For more information, please contact
Christian Ploog at press@safello.com
Certified Adviser
Amudova AB is Safello's certified adviser.
Safello is the leading cryptocurrency exchange in the Nordics with over 418,000 users and founded 2013. The company's mission is to make crypto accessible to everyone. Safello offers a secure and seamless solution for buying, selling, storing, depositing and withdrawing cryptocurrencies directly from the blockchain - all through smooth transactions with instant delivery. Safello AB operates in Sweden and is authorized as a crypto-asset service provider under MiCA. The parent company, Safello Group AB, has been listed on Nasdaq First North Growth Market since 2021. For more information, visit www.safello.com.