Floki (FLOKI) DAO members unanimously voted to use a portion of the funds from a community buyback wallet, totaling 16.3 billion tokens, as liquidity for the upcoming Floki exchange-traded product (ETP) in the EU.

The launch is scheduled for the first quarter of 2025. The Floki ETP will provide investors within the European traditional finance market with exposure to the meme coin.

Floki ETP Receives the Formal Green Light From Community Members

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. The only other meme coin to do so was the Dogecoin ETP.

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

A Floki spokesperson stated that the ETP listing would enhance 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,” said FLOKI DAO in a recent X post.

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

A Series of Milestones

An ETP, similar to an ETF but with a distinct structure, allows investors to trade assets on stock exchanges. The Floki ETP bridges the gap between traditional finance (TradFi) and cryptocurrency by enabling access to its meme coin on regulated stock exchanges.

This allows 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 marks just one of several of Floki’s recent successes.

In November, the US 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.

At the beginning of December, Floki announced that it had launched a debit card. This method allowed Floki users to pay with crypto in places that accept Visa or Mastercard. 

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

Earlier this year, 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, although it has since declined. Binance also listed the token shortly after its launch, which contributed to the price rally.

Overall, the broader meme coin market achieved a collective $112 billion market cap in 2024. FLOKI itself gained approximately 375% throughout 2024. To capitalize on this growth and bridge the gap between meme coins and institutional adoption, Floki is continuing forward with its plans to launch an ETP.