Institutional and regular investors seeking exposure to cryptocurrencies through secure and familiar channels can participate in the Floki ETP.
The ETP allows investors to own FLOKI without direct ownership of the assets by mimicking exchange-traded funds (ETFs).
Dogecoin is the only other meme coin to reach this milestone.
Regulatory scrutiny, liquidity issues, and meme currency volatility make launching a regulated investment product difficult.
Floki has partnered with a leading asset manager and ETP issuer to overcome these challenges.
This launch is a big step towards the acceptance of meme coins in traditional finance, said a senior advisor at Floki.
Regulatory Progress and Growth of Floki DAO
Regulators have recognized Floki as it prepares to launch its own ETP.
The CFTC recognized Floki as a utility token during a Global Markets Advisory Committee (GMAC) meeting on November 21.
This achievement puts Floki alongside Ethereum and Avalanche in the development of digital asset regulation.
Valhalla, Floki's NFT-based metaverse game that will launch in early 2025, helped earn that distinction.
Launch of Floki University and introduction of crypto debit card in 31 European countries strengthens Floki ecosystem.
This card is accepted by Visa and Mastercard, and supports Bitcoin, Ethereum, and Solana.
It targets European markets without OFAC sanctioned territories and has a mobilization fee but no transaction or transfer fees in physical and virtual versions.
Floki also sells virtual gift cards worldwide and wants to add physical cards.
These activities and the launch of ETP Floki position it well for growth in 2025.