FLOKI DAO approves liquidity funding for Floki ETP

Floki DAO Approves Liquidity Funding for Floki ETP

The Floki Decentralized Autonomous Organization (DAO) has unanimously passed a proposal to allocate a portion of the FLOKI token supply as liquidity funding for a Floki exchange-traded product (ETP).

This will enable Floki to become one of the first meme coins, alongside Dogecoin (DOGE), to offer an ETP on a regulated stock exchange. The Floki ETP is anticipated to launch on the SIX Swiss Exchange in the first quarter of 2025.

Bridging TradFi and Crypto

The Floki ETP aims to drive broader adoption of the FLOKI token in traditional financial markets by bridging the gap between TradFi and crypto. Project advisor stated:

"The Floki ETP will be listed on the SIX Swiss Exchange, a significant milestone for memecoin legitimacy."

Key Milestones for Floki Project

The Floki ETP is one of several significant milestones for the project. Recently, Floki launched its Floki Debit Card in 31 European countries and unveiled the University of Floki.

Growing Crypto Investment Products Market

The broader crypto investment products market continues to attract investors. In 2024, the U.S. Securities and Exchange Commission approved Bitcoin and Ethereum spot ETFs, with filings for Solana, XRP, and Litecoin ETFs also being made.