Floki’s Path to European ETP Gains Momentum with Proposed DAO Liquidity Support

Floki is preparing to launch an exchange-traded product (ETP) in Europe by early 2025, according to one of its project developers. The team is collaborating with an unnamed asset manager to introduce the product, which will track the FLOKI token and offer institutional and retail investors regulated exposure.

If successful, FLOKI would join dogecoin (DOGE) as one of the few meme tokens with an institutional-grade financial product in Europe.

“We have been working closely with a well-established Asset Manager and ETP Issuer for several months to bring the Floki ETP to market. After rigorous due diligence and preparation, we are confident that the product will launch in Q1 2025,” lead developer B shared with CoinDesk via Telegram.

The Floki development team has proposed a community vote via the Floki DAO to allocate early liquidity for the ETP from the treasury. The proposal outlines the use of FLOKI tokens held in a wallet containing 16 billion tokens, currently valued at approximately $2.8 million. These tokens were accumulated through community-approved purchases over the past three years.

If approved, the treasury tokens will serve as initial liquidity for the ETP but will remain under Floki’s ownership, with the flexibility to withdraw them once sufficient third-party liquidity is established.

“The Floki ETP is at an advanced stage and is expected to list on the SIX Swiss Exchange, Switzerland’s largest stock exchange and one of Europe’s top three exchanges,” B added. “This launch will enable institutional investors, regulated firms, and retail traders to access FLOKI in a secure and regulated environment.”

Further specifics, including opening prices, fund structure, and institutional partners, remain undisclosed due to non-disclosure agreements.

FLOKI’s price has increased by 1.1% in the last 24 hours, mirroring the broader market trend.