FLOKI DAO Approves Liquidity Funding for Floki ETP

The Floki DAO has approved a proposal to allocate a portion of Floki’s supply as liquidity funding for the upcoming Floki exchange-traded product (ETP). The proposal was passed unanimously by the decentralized autonomous organization (DAO), which supports the development of the FLOKI project. As part of this decision, a portion of the 16.3 billion FLOKI tokens in the community buyback wallet will be used to fund the launch of the Floki ETP, while the remainder of the tokens will be permanently burned.

This development positions Floki to become the second meme coin after Dogecoin to offer an ETP on a regulated stock exchange. The Floki ETP is expected to launch on the SIX Swiss Exchange in the first quarter of 2025, marking a significant milestone for the meme coin. The product aims to further drive adoption of Floki within traditional finance, bridging the gap between traditional finance (TradFi) and cryptocurrency.

A project advisor commented, “The Floki ETP will be going live on the SIX Swiss Exchange, which is the largest stock exchange in Switzerland and the third largest in Europe. This is an almost unprecedented move for meme coin legitimacy.”

Floki recently gained significant recognition when the U.S. Commodity Futures Trading Commission (CFTC) highlighted it as a utility token, alongside Ethereum and Avalanche, during the global Markets Advisory Committee meeting in November. Floki’s upcoming game, Valhalla, played a key role in this recognition.

The Floki ETP is just one of the project’s many milestones. In addition to the ETP, Floki recently unveiled the University of Floki and launched the Floki Debit Card, which is now available across 31 European countries.

Meanwhile, the broader crypto investment products market continues to grow. In 2024, the U.S. Securities and Exchange Commission (SEC) approved Bitcoin and Ethereum spot ETFs, with issuers also filing for Solana, XRP, and Litecoin ETFs, among others. Bitcoin’s rise to a new all-time high, along with the surge in meme coins, AI, and real-world asset investments, further emphasized the expanding interest in crypto investment products.