Floki DAO has decided to allocate a portion of its tokens to provide liquidity for a new ETP on the Swiss SIX Swiss Exchange, making Floki the second meme coin on such a platform.
Floki's ETP Launch
An exchange-traded product (ETP) for Floki will be launched on the Swiss SIX Swiss Exchange in the first quarter of 2025. This event will make Floki the second meme coin after Dogecoin to be presented on a regulated exchange. This move has attracted attention from institutional and retail investors looking for reliable entryways into the crypto market.
Challenges for the Meme Coin
Launching a meme coin on a regulated exchange comes with unique challenges, such as the volatility typical of such assets. To manage these risks, Floki has partnered with a leading asset manager and ETP issuer, which should ensure the successful launch and stability of the product.
Floki Ecosystem Expansion
Floki is recognized in various sectors of the crypto and financial world. In 2025, Floki plans to launch its NFT-based metaverse game 'Valhalla', which will enhance the token's utility. Additionally, the 'University of Floki' project aimed at educating the public about the cryptocurrency industry has been launched. Another major development is the creation of the Floki debit card in partnership with Mastercard, available in 31 European countries, enabling users to use crypto assets in everyday transactions.
Floki DAO's decision to open an ETP on the regulated SIX Swiss Exchange underscores the growing legitimacy of meme coins on traditional financial platforms and the intent to bring Floki to a new level in the cryptocurrency industry.
