Floki DAO approved allocating part of its token supply to support the liquidity of an upcoming ETP. This is a major milestone for Floki, to be listed on a regulated exchange.
Floki ETP: A Game-Changer?
Floki’s ETP will be launched on the SIX Swiss Exchange in the first quarter of 2025, allowing investors a secure way to engage with Floki without directly holding the asset. This move also aims to bolster the legitimacy of meme coins in traditional finance.
The Challenges of Launching a Meme Coin ETP
Launching a meme coin on a regulated exchange brings challenges, including volatility. Floki has partnered with leading asset managers and ETP issuers to ensure the product's success and stability. Floki was also recognized as a utility token by the CFTC in November.
Expanding Floki Ecosystem
Floki continues to expand its ecosystem with the upcoming launch of the NFT game Valhalla in 2025 and the educational initiative 'University of Floki'. A Floki debit card has also been introduced for use in 31 European countries.
The ETP launch on SIX Swiss Exchange marks a significant step in solidifying Floki's position in traditional finance and expanding its ecosystem with new initiatives and partnerships.
