Thomas Daniels
A plan to use some of the FLOKI token supply as liquidity funding for an upcoming Floki exchange-traded product (ETP) has been authorized by the Floki DAO. An important turning point in the Floki project’s attempts to connect traditional finance (TradFi) with decentralized finance (DeFi) has been reached with this decision.
The proposal was approved unanimously, enabling the ETP launch to be financed in part by the 16.3 billion FLOKI tokens in the community repurchase wallet. The project’s deflationary tokenomics will be improved by permanently burning the leftover tokens in this wallet.
In the first quarter of 2025, the Floki ETP is expected to make its debut on the SIX Swiss Exchange, making it the only meme coin other than Dogecoin to be listed on a regulated stock exchange. By providing a link between the TradFi and cryptocurrency markets, this ground-breaking tool seeks to promote FLOKI adoption within the conventional finance sector.
An advisor for the Floki project commented on this development, saying:
“In an almost unprecedented step for meme coin legitimacy, the Floki ETP will go live on the SIX Swiss Exchange, the biggest stock exchange in Switzerland and the third largest in Europe.”
This introduction expands on Floki’s recent classification as a utility token alongside Ethereum and Avalanche by the U.S. Commodity Futures Trading Commission (CFTC). At the November 2024 meeting of the Global Markets Advisory Committee, the CFTC emphasized this distinction, pointing to Floki’s impending Valhalla game as a major contributor to its increasing usefulness.
Other prominent projects on Floki’s roadmap include the introduction of the Floki Debit Card, which is currently accepted in 31 European nations, and the “University of Floki” teaching platform.
The announcement coincides with increased demand for investment products involving cryptocurrencies. The U.S. Securities and Exchange Commission authorized spot ETFs for Ethereum and Bitcoin in 2024, while applications for comparable products including Solana, XRP, and Litecoin are already being examined. Along with Bitcoin’s rise to a new all-time high, the year saw a rise in interest in meme currencies, AI-driven tokens, and the tokenization of real-world assets.
This larger trend is supported by the Floki ETP, which illustrates how the integration of cryptocurrencies into regulated financial markets is developing.
