Safello's TAO ETP Now Trading on SIX Swiss Exchange

Safello, a prominent crypto exchange in the Nordics, has successfully listed its physically backed TAO Exchange Traded Product (ETP) on the SIX Swiss Exchange. This announcement marks the beginning of trading under the ticker STAO, offering a management fee of 1.49%. The ETP, known as Safello Bittensor Staked TAO ETP, grants investors regulated exposure to Bittensor (TAO) with direct price exposure and on-chain staking rewards.

Endorsed by DDA ETP AG under a strategic partnership, the product is structured to automatically reinvest staking rewards, enhancing its net asset value (NAV). As discussions on the financial implications continue, Safello stands to gain via revenue sharing based on assets under management (AUM). The company, founded in 2013, serves over 418,000 users, making cryptocurrency accessible across the Nordic region.