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The Floki decentralized autonomous organization (DAO) has overwhelmingly approved the allocation of liquidity for the creation of a Floki exchange-traded product (ETP), with 99.9% of votes in favor.
The proposal passed on Dec. 27 with 332.7 billion votes supporting the initiative. Notably, there were zero opposing votes.
As a DAO, Floki is community-driven, meaning that key decisions about the project, including major partnerships, token burns, and product launches, are made through on-chain governance votes by FLOKI token holders.
The move positions Floki to become the second memecoin to launch an ETP on a regulated exchange, following Dogecoin’s lead.
The Floki ETP is set to go live on the SIX Swiss Exchange in the first quarter of 2025. SIX is the largest stock exchange in Switzerland and the third largest in Europe.
"With the Floki DAO voting overwhelmingly in favor of the proposal to provide liquidity for the Floki ETP, Floki is on track to become the only memecoin besides Dogecoin with an ETP on a regulated stock exchange as early as January 2025," said B, a core advisor at Floki. “The Floki ETP will be going live on the SIX Swiss Exchange in what is an almost unprecedented move for memecoin legitimacy!”
An ETP allows investors to gain exposure to assets—such as cryptocurrencies—through regulated stock exchanges without directly holding the underlying tokens. Similar to an ETF, an ETP tracks the performance of the asset, making it easier for both institutional and retail investors to invest securely. This bridges the gap between crypto and traditional finance (TradFi), offering seamless access to digital assets.
fonte: Yahoo finance.