Nordic crypto exchange Safello is launching the world’s first Bittensor ETP in partnership with Deutsche Digital Assets, marking a significant milestone in the convergence of blockchain and artificial intelligence. The Safello Bittensor Staked TAO ETP (STAO) will debut on Switzerland’s SIX Exchange on November 19 with a 1.49% management fee, representing Safello’s strategic entry into the rapidly expanding exchange-traded product market and joining a global wave of new crypto fund launches.
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0 posts last weekArchax Expands EU Footprint with Deutsche Digital Assets Buy
London-based Archax, known for tokenizing real-world assets (RWAs), has finalized its acquisition of Deutsche Digital Assets (DDA), a BaFin-regulated German firm managing $70M in crypto ETPs. The deal grants Archax access to DDA’s institutional distribution network and expands its regulatory permissions across Europe. This follows Archax’s earlier purchase of Spanish broker KSCM, reinforcing its ambition to build a comprehensive EU-UK digital asset infrastructure. The firm’s collaboration with Ripple, including the launch of the UK’s first tokenized money market fund on XRP Ledger (XRPL), highlights its focus on institutional-grade DeFi. With XRPL’s speed, security, and upcoming features like decentralized lending, Archax is positioning itself as a leader in the $16T tokenized asset market projected by 2030.
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