Nordic crypto exchange Safello is set to bring the world’s first Tao exchange traded product (ETP) to the Six Swiss Exchange, marking its entry into the regulated investment products market.
Safello, one of the leading cryptocurrency exchanges in the Nordics, is all set to issue its first physically backed and staked Tao ETP in partnership with Deutsche Digital Assets (DDA), a European crypto asset manager. The ETP tracks the Kaiko Safello Staked Bittensor Index The Safello Bittensor Staked Tao ETP, issued by DDA ETP AG, is set to list on the Six Swiss Exchange on 19 November under the ticker: STAO. It has a management fee of 1.49%. The ETP is backed by Tao tokens held in