Deutsche Digital Assets and Safello are partnering to launch the Safello Bittensor Staked TAO ETP (STAO) on the SIX Swiss Exchange. This physically-backed ETP, tracking the KSSTAO index, allows investors to gain exposure to Bittensor's TAO tokens and staking rewards.
Deutsche Digital Assets and Safello plan to introduce the Safello Bittensor Staked TAO ETP .Trading on the SIX Swiss Exchange is set to begin in the coming 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, which are automatically reinvested into the fund, with a maximum fee of 1.49%., a decentralized network for AI that rewards people for contributing data and computing power to carry out tasks like text translation, fraud detection, image recognition and more esoteric goals like predicting the structure of complex protein chains. An asset management approach to the Bittensor universe has already been launched by Digital Currency Group founder Barry Silbert, whose"Bittensor is a prime example of how decentralized technology and AI are converging to reshape the future of value creation. Together with DDA, we’re making it possible for investors to easily access this innovation through a regulated and transparent investment vehicle.” said Safello CEO Emelie Moritz. The Safello Bittensor Staked TAO ETP is a total return exchange-traded product that tracks the Kaiko Safello Staked Bittensor Index .AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence toStablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.Western Union plans to launch a stablecoin called the U.S. Dollar Payment Token for its payment network next year. The stablecoin will be issued by Anchorage Digital on the Solana blockchain, aiming for low-cost, fast settlements. This move follows the trend of traditional finance firms integrating stablecoins, with competitors like MoneyGram and PayPal already adopting similar technologies.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IBM Unveils Digital Asset Platform to Help Banks, Businesses Handle Tokenized AssetsThe IBM Digital Asset Haven, developed with Dfns, aims to offer banks, governments and enterprises a full-stack platform for token custody, governance and compliance.
Read more »
21Shares Launches Pendle ETP, Signaling Institutional DeFi Adoption21Shares introduces an exchange-traded product (ETP) based on Pendle, a platform bridging traditional fixed-income markets with Decentralized Finance (DeFi). The move highlights growing institutional interest in yield-tokenization and DeFi's potential to access the massive fixed-income market. Pendle's protocol has settled $140 trillion global fixed-income market
Read more »
Previsão de Preço do Ethereum: Analista Projeta $10K para ETH, mas ‘Não Tão Cedo Quanto Você Pensa’Analistas projetam US$ 10 mil para o ETH enquanto baleias e tubarões mostram 'sinais de confiança' — veja o nível de curto prazo que os traders estão acompanhando.
Read more »
The water wars are escalating in the city of Chester’s historic bankruptcyThe sale of water assets remains the key to the city's emergence from bankruptcy.
Read more »
OceanPal raises $120M to build NEAR token treasury companyOceanPal raised $120M to launch SovereignAI, a NEAR-based digital asset treasury building blockchain-native AI infrastructure with NVIDIA and NEAR Foundation.
Read more »