Deutsche Digital Assets and Safello to list Staked Bittensor ETP on six Swiss Exchanges
Deutsche Digital Assets, a German regulated provider of exchange-traded products (ETP), plans to list an ETP that brings investors exposure to a cryptocurrency linked to decentralized artificial intelligence, with the help of the Nasdaq Nordic listed broker Saffello (SFL), the companies said on Wednesday.
The Safello Bittensor Staked People Etp Will be trading on six Swiss exchanges with the ticker stao in the next few weeks.
The product is physically backed by Tao tokens held in cold storage with a regulated custodian, according to a press release. Investors will receive returns based on both Tao’s price movements and staking rewards, automatically reinvested in the fund, with a maximum fee of 1.49%.
Interest is growing Ask Sor.
An asset management strategy in the Bittensor Universe was launched by Digital Currency Group founder Barry Silbert, who Yuma Asset Management Offering wealthy investors exposure to “subnet” tokens, the protocol-native crypto assets of Bittensor’s decentralized contributor network.
“Bitensor is a prime example of how decentralized technology and AI are converging to reshape the future of value creation. Together with DDA, it makes it possible for investors to easily access this innovation through a regulated and transparent investment vehicle.” said Safello CEO Emelie Moritz.
Safello Bittensor Staked Tao ETP is a total exchange-traded product that tracks the Kaiko Safello Staked Bittensor Index (KSSTAO).
In July, UK Exchange Archax said this agreed to buy Deutsche digital assets for an undisclosed sum.
