Safello lists staked TAO ETP on Nasdaq Stockholm with ~18% annual yield, first for Nordic investors

Safello, a Swedish crypto exchange, has brought its Safello Bittensor Staked TAO ETP (ticker: STAO) to Nasdaq Stockholm, giving Nordic investors regulated, exchange-traded exposure to the Bittensor (TAO) network plus on-chain staking yields in a familiar securities format. Previously listed only on SIX Swiss Exchange, the cross‑listing means the product can now be traded in Swedish kronor on one of Europe’s larger regulated markets, and is described as the first such staked TAO ETP available to investors in the Nordic region. The ETP is issued by DDA ETP AG / Deutsche Digital Assets under a partnership with Safello, and charges a maximum management fee of 1.49% per year. The product is 100% physically backed by staked TAO, with the underlying tokens held in cold storage at a regulated crypto custodian. Staking rewards from the Bittensor network are earned on-chain, net of service provider fees, and are automatically reinvested into the ETP and reflected in its net asset value (NAV), making STAO a total return product. The ETP tracks the Kaiko Safello Staked Bittensor Index (KSSTAO Index), designed and calculated by Kaiko Indices, which provides an institutional-grade benchmark for TAO price plus staking returns. Marketing materials for STAO have highlighted an indicative annual staking yield in the high‑teens range (around 18%), though actual returns depend on Bittensor network conditions and fees and are not guaranteed. Strategically, the Nasdaq Stockholm listing is part of a broader European rollout of staked TAO exposure, alongside listings on SIX Swiss Exchange (USD) and later Euronext Paris (EUR), aimed at solving distribution and policy constraints for investors who cannot easily trade on Swiss or Nordic venues. For Safello, the structure provides a new revenue line via a share of assets‑under‑management fees, while giving both retail and institutional investors a regulated wrapper around a relatively novel AI‑focused blockchain asset (Bittensor) without having to manage self‑custody or on-chain staking themselves. The move also illustrates the ongoing convergence of crypto staking economics with traditional exchange-traded products, as more complex on‑chain yield strategies are packaged into regulated securities listed on mainstream exchanges.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Safello's TAO ETP cross listed on Nasdaq Stockholm (view.news.eu.nasdaq.com)
• Safello's TAO ETP cross-listed on Euronext Paris - Inderes.se (inderes.se)
• Safello Bittensor Staked TAO ETP listed on Euronext Paris (digitalassetsedge.com)
• Deutsche Digital Assets and Safello list Safello Bittensor Staked ... (deutschedigitalassets.com)
• Safello's TAO ETP cross-listed on Euronext Paris - Cision News (news.cision.com)

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