PANews reported on December 25, according to CoinDesk, that the Floki project plans to launch an exchange-traded product (ETP) based on its token FLOKI in Europe in the first quarter of 2025. Currently, the Floki development team is working with an unnamed asset management company to develop the product and is seeking community approval from the Floki DAO to allocate part of the 16 billion FLOKI tokens from the treasury wallet to provide early liquidity for the ETP. These tokens have a total value of approximately 2.8 million USD, and if the proposal is approved, the liquidity will still belong to Floki, and it can be reclaimed based on third-party liquidity conditions.
Floki ETP will be launched on the SIX Swiss Exchange, which is the third largest stock exchange in Europe. The product will provide a regulated investment channel for institutional investors, regulated entities, and retail investors. If successful, FLOKI will become the second meme token to launch institutional-grade products in Europe, following Dogecoin (DOGE). The DAO vote will end on December 27 at 11:00 UTC.
