In a groundbreaking move, the Floki DAO has approved a proposal to allocate a portion of the Floki token supply as liquidity funding for the upcoming Floki exchange-traded product (ETP). The proposal was unanimously passed, marking a significant step for the FLOKI project, which is aiming to expand its presence in traditional finance markets.
The proposal utilizes a portion of the 16.3 billion FLOKI tokens held in the community buyback wallet to fund the Floki ETP, set to launch on the SIX Swiss Exchange in the first quarter of 2025. The remaining tokens will be permanently burned, reducing supply. This development positions Floki as one of the few meme coins—alongside Dogecoin—that will offer an ETP via a regulated stock exchange, a notable move for the meme coin sector.
The launch of the Floki ETP is part of the project's broader strategy to drive adoption of its meme coin within the traditional finance (TradFi) market. By offering an ETP, Floki aims to bridge the gap between crypto and traditional financial systems, granting investors more accessible exposure to the digital asset.
In addition to the ETP, Floki has been gaining recognition in the crypto industry. The U.S. Commodity Futures Trading Commission recently highlighted Floki as a utility token, further solidifying its growing influence. Moreover, Floki’s ambitious projects continue to expand, with the University of Floki and the Floki Debit Card launch across 31 European countries serving as key milestones.
With the rise of crypto investment products and growing institutional interest, Floki’s ETP is poised to offer a new avenue for meme coin legitimacy and further integrate cryptocurrency into traditional financial markets.
In a comment, project advisor said:
“The Floki ETP will be going live on the SIX Swiss Exchange, which is the largest stock exchange in Switzerland and the third largest stock exchange in Europe, in what is an almost unprecedented move for memecoin legitimacy.”