Floki (FLOKI) DAO Members Unanimously Vote to Launch ETP on Regulated Stock Exchange in the EU

For the first time ever, the Floki DAO proposal was passed without a single opposing vote. Now, Floki's ETP is poised to become the second meme coin to launch on a regulated stock exchange.

Floki (FLOKI) DAO members have unanimously voted to allocate a portion of the funds from a community buyback wallet, amounting to 16.3 billion tokens, to serve as liquidity for the upcoming Floki exchange-traded product (ETP) in the European Union.

The launch is slated for the first quarter of 2025, offering investors within the European traditional finance market exposure to the meme coin.

Floki ETP Receives the Formal Green Light From Community Members

In a first for the Floki DAO, the proposal passed without a single opposing vote. Now, Floki's ETP is set to become the second meme coin to launch on a regulated stock exchange, following the launch of the Dogecoin ETP.

Upon launch, Floki will be available to trade on Switzerland’s SIX Swiss Exchange, which is the third-largest stock exchange in Europe. According to CoinGecko data, the meme coin is currently ranked 8th by market cap.

A Floki spokesperson noted that the ETP listing will bolster the legitimacy of the community-driven meme coin.

“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.

By launching the ETP, Floki aims to achieve broader adoption of its meme coin across the institutional retail market in Europe.

A String of Milestones to Date

An ETP, akin to an ETF but structured differently, enables investors to trade assets on stock exchanges. The Floki ETP bridges the gap between traditional finance (TradFi) and cryptocurrency by allowing access to its meme coin on regulated stock exchanges.

This enables both institutional and retail investors to easily buy and hold Floki in a transparent and regulated manner. The approval of liquidity funding for its ETP is just one of Floki's recent milestones.

In November, the Commodity Futures Trading Commission (CFTC) highlighted Floki as a case study of a utility token alongside Ethereum and Avalanche at its Global Markets Advisory Committee meeting.

Floki also announced the launch of a debit card in early December, enabling Floki users to pay with crypto at any point-of-sale that accepts Visa or Mastercard.

In December, the meme coin also announced the launch of a crypto education platform called the ‘University of Floki.’ Despite recent liquidations in the meme coin market, Floki has been building an ecosystem around its flagship meme coin.

Earlier this year, the Floki DAO also invested $200,000 USDT in CAT, a meme coin inspired by “Simon's Cat.” Following its launch, CAT surged over 250%, reaching a $275 million market cap, which has since declined. Binance also listed the token shortly after its launch, contributing to the price rally.

Collectively, the broader meme coin market achieved a collective $112 billion market cap in 2024, with FLOKI itself gaining approximately 375% throughout 2024. In a bid to capitalize on this growth and bridge the gap between meme coins and institutional adoption, Floki is pressing ahead with its plans to launch an ETP.