FLOKI Poised to Become the Second Memecoin to Launch a Regulated Exchange-Traded Product after Dogecoin

FLOKI is poised to become the second memecoin to launch a regulated Exchange-Traded Product after Dogecoin, following a decisive Floki DAO vote

FLOKI is set to become the second memecoin to launch a regulated Exchange-Traded Product (ETP) after Dogecoin, following a Floki DAO vote that approved allocating tokens for ETP liquidity.

A proposal to allocate a portion of Floki tokens for liquidity in an upcoming Exchange-Traded Product (ETP) received overwhelming support in the latest Floki DAO vote, with 332.7 billion tokens (99.9%) voting in favor. The proposal aimed to establish a Floki ETP on a Swiss exchange, highlighting the community’s focus on institutional exposure.

Key Takeaways

FLOKI will be the second memecoin to launch an ETP, following Dogecoin.

The Floki ETP is expected to debut in early Q1 2025 on the SIX Swiss Exchange.

Any tokens allocated for ETP liquidity will remain the property of Floki.

FLOKI ETP To Launch On Swiss Exchange

The proposal, which was outlined in the X post, explained that the ETP will be listed on the SIX Swiss Exchange, which is recognized as one of the largest stock exchanges in Europe. This listing will elevate FLOKI’s profile in traditional financial markets.

Currently, Dogecoin is the only other memecoin with a live ETP, which is traded on Sweden’s Spotlight Stock Market. The team noted that listing on Switzerland’s exchange will bring broader attention from institutional and retail investors seeking regulated access to crypto assets.

“When it goes live, the Floki ETP will allow institutional investors, regulated entities and retail investors to get exposure to FLOKI in a regulated way. This is a big move that is almost unprecedented in this space, because Dogecoin is currently the only memecoin in the WORLD, with a live ETP –and Floki could become the next memecoin with an ETP besides Dogecoin.”

The proposal further stated that any tokens allocated for liquidity will remain the property of Floki itself, meaning they can be withdrawn “if there is enough third-party liquidity in the ETP” later on.

The full details of the ETP, including the precise allocation of tokens and the specific asset manager involved, are not yet disclosed due to nondisclosure agreements. However, the team emphasized that the development marks a significant milestone in the project’s roadmap.