The Floki DAO voted to allocate liquidity for the creation of an ETP, providing new opportunities for Floki's presence in traditional financial markets.
Floki DAO Decision
On December 27, the Floki DAO community unanimously voted to support the creation of an Exchange-Traded Product (ETP) for Floki. A portion of 16,310,285,772.6 FLOKI tokens will be used to provide liquidity for the ETP, with the remainder to be burned.
Floki ETP Launch
The launch of the Floki ETP is set for the first quarter of 2025 on the SIX Swiss Exchange. This is a significant step for Floki, aligning it with memecoins like Dogecoin that have ETPs on regulated exchanges.
Regulatory Recognition of Floki
In November 2024, Floki was recognized as a utility token by the U.S. Commodity Futures Trading Commission (CFTC) during a Global Markets Advisory Committee (GMAC) meeting. Valhalla, which uses FLOKI as its in-game currency, played a key role in supporting this recognition.
Floki continues to pave the way for greater integration with traditional financial markets, solidifying its role in the digital financial landscape.
