FLOKI heads to the institutional market: ETP launch in Switzerland in 2025
The cryptocurrency market continues to evolve, seeking new ways to attract investors and expand its adoption. In this scenario, Floki , inspired by the memecoin Dogecoin, announces a strategic move that could boost its presence in the market: the launch of an Exchange Traded Product (ETP) linked to the FLOKI token on the SIX Swiss Exchange in Switzerland, scheduled for the first quarter of 2025.
“We have been actively working with a respected Asset Manager and ETP Issuer to launch a Floki ETP (Exchange-Traded Product) for some time now. After months of due diligence and painstaking effort, we have been informed that the Floki ETP is on track to go live in early Q2025 XNUMX,” it said in its official statement.
A initiative Floki’s ETP represents an important milestone, aiming to offer both institutional and retail investors a regulated and accessible way to invest in the token. If approved, Floki’s ETP will become the second of its kind for a memecoin in Europe, following in the footsteps of Dogecoin, which already offers a similar product. The collaboration with a regulated asset manager and ETP issuer demonstrates Floki’s commitment to following the standards of the traditional financial market.
This is a major move that is almost unprecedented in this space, because Dogecoin is currently the only memecoin in the WORLD with an active ETP — and Floki could become the next memecoin with an ETP besides Dogecoin. It’s also worth noting that while the Dogecoin ETP is live on Sweden’s Spotlight Stock Market, the Floki ETP will be live on the SIX Swiss Exchange, a much larger stock exchange based in Switzerland, a country known for its pristine qualities and luxurious reputation.
A crucial point to enable the launch of the ETP is initial liquidity. To this end, Floki DAO (Decentralized Autonomous Organization) proposed the allocation of 16 billion FLOKI tokens, equivalent to approximately $2,8 million, from its treasury. This proposal was put to a community vote and received massive support, with over 204 billion votes in favor and zero votes against, demonstrating the strong community support for the project. Voting closes on December 27, solidifying the community’s support.
“The Floki ETP is currently in an advanced stage and will be tradable on the SIX Swiss Exchange, the largest stock exchange in Switzerland and the third largest in Europe. When launched, the Floki ETP will allow institutional investors, regulated entities and retail investors to have exposure to FLOKI in a regulated manner.”
The creation of the ETP seeks to integrate the traditional finance universe with the digital asset market, allowing traditional investors to have exposure to FLOKI in a familiar and regulated way. This strategy can open doors to a new audience of investors, boosting the adoption of the token and strengthening its ecosystem.
At the time of publication, the price of FLOKI is quoted at $0,0001705 with a decline of 3.8% in the last 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Moo Deng Climbs 70% After Vitalik Buterin's Hippo Adoption Announcement
ETH and SOL vs BTC: Price Bottom Indicators Emerge
SOL Drops Below $194: Consolidation Phase Ahead?
Terra Founder Do Kwon Faces US Justice After Extradition Battle