Floki, a well-known project in the cryptocurrency world, plans to launch an exchange-traded product (ETP) based on its FLOKI token on the Swiss SIX Exchange in early Q1 2025. This move will solidify FLOKI's position as the second memecoin offering an institutional-grade investment vehicle in Europe, following Dogecoin.
ETP Launch on SIX Swiss Exchange
According to a December 25th statement, Floki is working with an asset manager and ETP issuer to create a regulated investment product accessible to both institutional and retail investors. The product is expected to enable investments in FLOKI through regulated channels, bridging traditional finance with digital assets. While specific details about the product’s structure and pricing remain confidential, the project maintains that the tokens used for liquidity will remain under Floki’s ownership and can be withdrawn once sufficient third-party liquidity is established.
Community Support and DAO Proposal
The Floki DAO has put forward a proposal to allocate 16 billion FLOKI tokens, valued at approximately $2.8 million, from its treasury to provide liquidity for the ETP. At the time of reporting, the proposal garnered strong support, with 204.9 billion votes cast in favor and no votes against or abstaining. This unanimous approval reflects strong community backing for the Floki ETP initiative. The vote will conclude on December 27.
Alternatives and Competition in ETP Market
Beyond Bitcoin and Ethereum, investment products now offer exposure to a wider range of crypto assets, including increasingly popular options like Solana and Ripple. Last month, Valour, a subsidiary of DeFi Technologies, officially launched the first Dogecoin ETP on Sweden’s Spotlight Stock Market. The product enables retail and institutional investors in the Nordic region to gain exposure to DOGE, the seventh-largest crypto asset without the complexities associated with direct ownership.
The launch of an ETP based on the FLOKI token on the SIX Swiss Exchange will be a significant step for the Floki project and could play an important role in further acknowledging memecoins in the world of institutional investments. Community support and active participation indicate high interest and trust in the initiative from market participants.
