The Floki DAO unanimously approved a liquidity allocation on December 27, 2024, to facilitate the creation of a Floki Exchange-Traded Product (ETP) on the SIX Swiss Exchange, strengthening its efforts to integrate with traditional finance. This approval enables Floki to pursue listing a regulated financial product, making it the second memecoin, after Dogecoin, to achieve such mainstream integration. FLOKI DAO VOTES IN FAVOR OF A PROPOSAL TO PROVIDE LIQUIDITY FOR THE CREATION OF A FLOKI ETP! The Floki DAO has voted overwhelmingly in favor of a proposal to allocate tokens towards providing liquidity for the creation of a Floki ETP. The proposal, which was the first time ever… pic.twitter.com/e64vx3QOOl — FLOKI (@RealFlokiInu) December 27, 2024 The ETP is scheduled to launch in early 2025 on the SIX Swiss Exchange, Switzerland’s largest stock exchange and the third largest in Europe. The liquidity for this initiative will come from 16,310,285,772.6 FLOKI tokens held in the community buyback wallet. A portion of these tokens will fund the ETP, while the remainder will be permanently burned, reducing the overall token supply. Floki DAO’s Liquidity Allocation for ETP Creation The Floki ETP offers a regulated investment vehicle designed to attract institutional and retail investors looking for cryptocurrency exposure through secure and familiar platforms. By mirroring the functionality of exchange-traded funds (ETFs) , the ETP allows investors to hold FLOKI without direct asset ownership. This launch aligns Floki with Dogecoin, the only other memecoin to achieve this milestone. Launching a regulated investment product for a memecoin presents notable challenges, including regulatory scrutiny, liquidity concerns, and the volatility commonly associated with meme-based cryptocurrencies. However, Floki has partnered with a leading asset manager and an ETP issuer to navigate these hurdles. A core advisor at Floki emphasized the relevance of this launch, stating that it represents an important step toward memecoin legitimacy in traditional finance. Floki DAO’s Regulatory Milestones and Future Growth As Floki prepares to launch its ETP, it has also gained recognition in regulatory discussions. On November 21, the U.S. Commodity Futures Trading Commission (CFTC) acknowledged Floki as a utility token during the Global Markets Advisory Committee (GMAC) meeting. This milestone placed Floki alongside major cryptocurrencies like Ethereum and Avalanche in shaping the regulatory framework for digital assets. Floki’s NFT-based metaverse game , Valhalla, set to launch in early 2025, played a crucial role in gaining this recognition. Valhalla partners with Sunderland AFC for the full 24/25 season We are proud to announce that Valhalla, our flagship Play-to-Earn MMORPG, is partnering with Sunderland AFC for the full 24/25 season as a prominent back-of-shirt sponsor! Key highlights of this partnership: – 4… pic.twitter.com/bdbPLMkEif — FLOKI (@RealFlokiInu) August 9, 2024 The Floki ecosystem continues to expand through various initiatives, including the launch of the University of Floki and the introduction of a crypto debit card in 31 European countries. This card, compatible with Visa and Mastercard merchants, supports major cryptocurrencies like Bitcoin, Ethereum, and Solana. Available in physical and virtual formats, it features top-up fees but no transaction or exchange rate costs, targeting European markets while excluding OFAC-sanctioned regions. Additionally, Floki offers virtual gift cards globally, with plans to expand physical card availability to more countries. These efforts, along with the ETP launch, position Floki for potential growth in 2025. The post Floki DAO Unanimously Approves Liquidity Allocation for Floki ETP Creation appeared first on Cryptonews .
