Safello to Launch Europe’s First Physically Backed TAO ETP in Switzerland

Key Highlights: 

• Safello announces launching the first physically backed TAO ETP in all over Europe. 
• The TAO ETP will be listed across various European exchanges. 
• This TAO ETP launch will solidify Switzerland’s role as Europe’s crypto investment hub. 

Safello, a Stockholm-based company which is also one of Sweden’s leading cryptocurrency trading companies, has announced the launch of the continent’s first physically backed TAO Exchange Traded Product (ETP). The product will provide a direct exposure to Bittensor’s native token TAO and it is supposed to be listed soon on several trading venues such as SIX Swiss Exchange, Euronext Paris and Amsterdam, and Deutsche Börse Xetra.

A Landmark Development for European Crypto Finance

This is an important moment for European crypto finance because with this move, it will be bridging the gap between traditional markets and the digital assets but in a regulated and a trusted way. Unlike synthetic products, this ETP will directly hold TAO tokens in secure custody and in this way, the ETP will provide investors with a transparent and credible exposure to this product.

Institutional players cannot invest in unregulated tokens but with this move, it is expected that doors for institutional players such as asset managers and pension funds will also open up. This will bring in fresh capital into the space. Beyond TAO itself, this move sets an important stand point where if an AI-blockchain token can enter mainstream financial markets through a stock-market instrument, other innovative crypto assets could follow the same path. This will be a huge step forward for adoption and trust in Europe.

Safello’s Expansion Beyond Sweden

Safello, founded in 2013, is one of Scandinavia’s earliest regulated crypto companies. The company is also known for its easy-to-use consumer trading platform and strong focus on compliances. It became a trusted platform quickly among the Nordic retail investors that were exploring digital currencies at that time. The main reason for which Safello has built its reputation is by being transparent, adhering to regulatory guidelines and partnering with financial institutions. Now, with its European push, Safello is positioning itself not just as a trading platform but it functions as a full-scale digital asset financial services provider.

With physically backed products already available for Bitcoin, Ethereum, Solana and other cryptocurrency ETPs, Switzerland, led by the SIX Swiss Exchange, has emerged as a global center for these products. By adding Safello’s TAO ETP to the line up, investors will have more options to diversify their exposure to digital assets and the country will maintain its position as the top marketplace for regulated cryptocurrency products.

Swiss Financial Market Implication

For Switzerland, the listing of this TAO ETP will solidify its stance as Europe’s crypto finance capital. The Swiss ecosystem has embraced crypto innovation while making sure that they have proper regulatory oversight over all the activities. This balance has attracted dozens of blockchain firms under the banner of “Crypto Valley.” Not only will this move solidify the country’s position but it will also bring in additional trading volume, employment, and financial services opportunities to the Swiss economy.

Moreover, Switzerland’s position as a link between Europe and global markets means the TAO ETP can reach a broad range of investors. Retail traders as well as big players like hedge funds can now invest in blockchain through a regulated stock-market product. This makes trading easy, allows market activity to increase, and could also possibly bring in fresh capital into the TAO ecosystem.

The Safello TAO ETP is not just another crypto product, it is a product where blockchain will meet AI, two of the decade’s biggest disruptors. The success of this product could make way for more AI-token linked projects to hit the traditional markets through regulated products. For investors, it will bring in ways to access and diversify their portfolio. Many see this as a stepping stone in weaving crypto assets into Europe’s regulated financial system.

Also Read: Norway Wealth Fund Boosts Bitcoin Stake 192% to 7,161 BTC