The developers are collaborating with a prominent asset manager to launch an exchange-traded product (ETP) based on the altcoin aimed at European investors, which is expected to debut in early 2025.
The team stressed that the initiative has been in the works for months, with rigorous due diligence paving the way for the launch. The proposed ETP will allow investors to gain exposure to FLOKI without directly owning the token. The team is seeking approval from its decentralized autonomous organization (DAO) to distribute liquidity for the product.
The upcoming ETP will be traded on the SIX Swiss Exchange, Switzerland’s leading exchange, in a significant step for the meme coin market. If successful, the token will join Dogecoin as one of the few meme-based assets with an ETP.
The project noted:
This initiative will enable institutional and retail investors to access FLOKI in a regulated manner, potentially expanding its reach.
The proposal also includes a token burn mechanism to reduce supply and increase scarcity, with a portion of existing tokens being allocated to support ETR liquidity. The remainder will be burned at launch, a move that aims to increase long-term value.
