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Floki DAO: Launch of FLOKI ETP

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by Giorgi Kostiuk

3 months ago


Floki DAO is considering the launch of an ETP for the FLOKI token in collaboration with a respected asset manager. This move could make FLOKI one of the few meme tokens with institutional investment products in Europe.

What Is an ETP?

An ETP (Exchange-Traded Product) is a financial instrument traded on stock exchanges, similar to an ETF (Exchange-Traded Fund). It provides investors a regulated way to gain exposure to specific assets. Floki’s ETP aims to bridge the gap between traditional finance and cryptocurrencies.

Key Features of the Proposed FLOKI ETP

The ETP is set to be listed on the SIX Swiss Exchange, the largest in the country. It will offer institutional and retail investors a transparent way to invest in FLOKI with enhanced liquidity and security. Historically, if approved, FLOKI would become the second memecoin with an institutional-grade product in Europe, after Dogecoin.

The DAO Proposal and Voting Details

The proposal outlines the allocation of tokens from Floki DAO's treasury to fund the ETP’s liquidity. The treasury wallet holds over 16 billion FLOKI tokens, valued at approximately $2.8 million. The DAO vote will be open for 48 hours, ending on December 27. If approved, the tokens will remain under Floki's ownership while being used for liquidity.

The launch of a regulated ETP is significant for Floki and meme tokens as a whole, aiding in mainstream adoption and increasing FLOKI's visibility, despite regulatory and market challenges.

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