Floki DAO Greenlights ETP Launch, Allocating 16.3 Billion Tokens for Liquidity

Floki Inu's DAO has unanimously approved the use of 16.3 billion tokens from a community buyback wallet to provide liquidity for its upcoming exchange-traded product (ETP) in the European Union. Scheduled for the first quarter of 2025, the Floki ETP will grant European investors access to the meme coin within the traditional finance market.

This marks a significant milestone for Floki, as it will become only the second meme coin to be listed on a regulated stock exchange, following Dogecoin's ETP. The Floki ETP will be tradable on the SIX Swiss Exchange, Europe's third-largest stock exchange.

Expanding Reach and Legitimacy

By launching the ETP, Floki aims to broaden its reach and enhance its legitimacy within the European institutional and retail investment markets.

"Floki continues to innovate and work hard towards pushing adoption of its ecosystem in line with its mission to be the world's most known and most used cryptocurrency," stated FLOKI DAO in a recent X post.

Bridging the Gap Between TradFi and Crypto

ETPs, similar to ETFs but with distinct structures, facilitate the trading of assets on stock exchanges. The Floki ETP will bridge the gap between traditional finance and cryptocurrency by enabling investors to buy and hold Floki on regulated platforms. This provides a transparent and regulated avenue for both institutional and retail investors to access the meme coin.

A Series of Recent Successes

The approval of liquidity funding for the ETP follows a series of recent successes for Floki.

• CFTC Recognition: The U.S. Commodity Futures Trading Commission highlighted Floki as a case study of a utility token alongside Ethereum and Avalanche.
• Debit Card Launch: Floki launched a debit card, enabling users to make payments with crypto at Visa and Mastercard accepting merchants.
• Crypto Education Platform: The "University of Floki" was launched, offering a dedicated platform for crypto education.
• CAT Coin Investment: Floki DAO invested $200,000 USDT in CAT, a meme coin inspired by "Simon's Cat." CAT surged over 250% following the investment and subsequent listing on Binance.

Capitalizing on Meme Coin Market Growth

The broader meme coin market achieved a collective $112 billion market cap in 2024, with FLOKI itself experiencing approximately 375% growth. The launch of the ETP aligns with Floki's strategy to capitalize on this growth and bridge the gap between meme coins and institutional adoption.

January 2025, Cryptoniteuae