Floki DAO has proposed a partnership with an asset manager to launch an Exchange-Traded Product (ETP) for the FLOKI token. This development could place them alongside Dogecoin as one of the few meme tokens with institutional investment products in Europe.
What Is an ETP?
An Exchange-Traded Product (ETP) is a financial instrument traded on stock exchanges, similar to an Exchange-Traded Fund (ETF). It offers a seamless way for institutional and retail investors to gain regulated exposure to specific assets.
Key Features of the Proposed FLOKI ETP
The ETP is set to debut on Switzerland’s SIX Swiss Exchange, the largest stock exchange in the country and the third-largest in Europe. It will provide institutional investors, regulated entities, and retail investors a transparent way to invest in FLOKI. Liquidity for the ETP will initially be funded by Floki DAO’s treasury, and the tokens used for this purpose will remain Floki's property and can be withdrawn once sufficient third-party liquidity is established. If approved, FLOKI will become only the second meme token 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. These tokens were acquired through open-market purchases following a previous community vote. The DAO vote, which runs for 48 hours and concludes at 11:00 UTC on December 27, will determine whether to approve this allocation. If passed, the tokens will be used for liquidity provisioning while remaining under Floki’s ownership.
The launch of a regulated ETP is a historic development for Floki and meme tokens as a whole. It provides a bridge for traditional investors to access FLOKI in a familiar, regulated format and enhances the token's visibility in global markets.
