Deutsche Digital Assets (DDA), a subsidiary of Deutsche Bank, and Swedish crypto exchange Safello announced plans to launch the world’s first Bittensor (TAO) exchange-traded product (ETP) on the SIX Swiss Exchange on November 19.
?? NEW: Safello and Deutsche Digital Assets are launching the first-ever $TAO ETP on Switzerland’s SIX Exchange.
Is this the start of AI-crypto ETP season? pic.twitter.com/cvtSdERBKT
— Cointelegraph (@Cointelegraph) October 29, 2025
The product will be physically backed by TAO tokens held in cold storage, giving investors regulated, institutional-grade exposure to the AI-focused Bittensor blockchain ecosystem.
Physically-Backed With Built-In Staking Rewards
The ETP, called the Kaiko Safello Staked Bittensor Index (KSSTAO), introduces an innovative design that combines price exposure with staking yield. Investors will not only benefit from potential price appreciation but also from on-chain staking rewards integrated into the product structure.
According to DDA, the ETP carries a total expense ratio of 1.49%, making it competitive among cryptocurrency ETPs in Europe. The product is 100% physically backed, with all TAO tokens securely stored offline, a design that directly addresses institutional concerns around cryptocurrencies custody and security.
“This structure allows investors to gain crypto exposure through traditional bank or brokerage accounts while maintaining full collateralization,” DDA noted in its product documentation.
Multi-Exchange European Launch and Institutional Integration
Following its debut on SIX Swiss Exchange, the TAO ETP is also set to list on Euronext Paris, Euronext Amsterdam, and Deutsche Börse Xetra, expanding access for investors across Europe.
The announcement comes just months after Safello revealed plans in August 2025 to enter the European ETP market with physically backed digital asset products. Analysts view the rapid execution as a strong signal of rising institutional appetite for AI-driven blockchain networks like Bittensor.
DDA’s involvement , backed by one of Europe’s largest banking groups , adds significant credibility and regulatory weight to the Bittensor ecosystem. Market observers expect the listing to improve TAO’s liquidity, visibility, and price discovery, while attracting new participants who previously lacked compliant access routes.
A Milestone in the Evolution of Crypto Investment Products
This ETP represents a step forward in the evolution of crypto product design, combining the transparency of on-chain yield generation with the compliance and accessibility of traditional finance.
It also aligns with broader market trends toward tokenization and AI-linked blockchain projects, areas that have seen accelerating institutional interest throughout 2025.
The collaboration between Deutsche Bank’s digital asset arm and Safello underscores the ongoing convergence of traditional finance and crypto markets, paving the way for more institutional-grade products that blend blockchain technology with established financial infrastructure.
