Table of Contents
European crypto asset manager Deutsche Digital Assets (DDA) and Nordic cryptocurrency exchange Safello have listed the Safello Bittensor Staked TAO ETP (STAO) on Euronext Paris, Europe's second largest stock exchange by market capitalization.
The product, which is 100% backed by TAO held in cold storage and began trading on June 2 under the ticker STAO, tracks the Kaiko Safello Staked Bittensor Index and carries a maximum annual management fee of 1.49%. In addition to TAO price exposure, staking rewards are accumulated daily and reinvested into the product's NAV.
The Euronext Paris listing follows previous listings on SIX Swiss Exchange and Nasdaq Stockholm, extending the product's reach to a broader pool of European investors. The companies said a Euronext listing is often a prerequisite for institutional allocators and distributors operating through traditional investment infrastructure.
"The Euronext Paris listing is a key step in making STAO accessible to European institutional investors and distributors," said Romain Bensoussan, head of sales at DDA.
For Bittensor, the listing represents another expansion of TAO's presence within regulated investment markets, bringing the asset to a larger pool of European investors through familiar exchange infrastructure.
Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. The information provided should not be interpreted as an endorsement of any digital asset, security, or investment strategy. Readers should conduct their own research and consult with a licensed financial professional before making any investment decisions. The publisher and its contributors are not responsible for any losses that may arise from reliance on the information presented.
