Miami, Florida, December 31, 2024 – Floki DAO has reached a major milestone by voting unanimously to allocate liquidity to support the launch of the Floki Exchange Traded Product (Floki ETP). This is a significant step forward in bringing Floki to the traditional financial markets.

Overwhelming Community Support

On December 27, the proposal passed without a single dissenting vote, marking an unprecedented event for Floki DAO. This reflects the strong consensus from the community in expanding Floki’s presence into the traditional financial system.

According to the plan, a portion of the total 16,310,285,772.6 FLOKI tokens from the community buyback wallet will be used to provide liquidity for the Floki ETP, while the remaining tokens will be burned forever. This is an important strategy to maintain the scarcity and value of FLOKI.

Listing on SIX Swiss Exchange

The Floki ETP is expected to be listed on the SIX Swiss Exchange in Q1 2025. This will make Floki one of the few memecoins, besides Dogecoin, to have a regulated exchange-traded product.

B, core advisor of Floki, commented: “With the strong support from Floki DAO, Floki is on track to become the only memecoin besides Dogecoin to have an ETP on an exchange. The listing on the SIX Swiss Exchange – the largest stock exchange in Switzerland and the third largest in Europe – is a major step in establishing Floki’s legitimacy in the traditional finance space.”

Floki Aims to Integrate into Traditional Finance

The Floki ETP is promoted by a leading asset management company partnering with an ETP issuer, expanding Floki’s integration into the traditional finance ecosystem (TradFi). Floki aims to bridge the gap between cryptocurrency and traditional finance markets, providing both institutional and retail investors with a safe and regulated way to own FLOKI through familiar trading platforms.

In essence, an ETP functions similarly to an ETF but has structural differences. Both provide investors with access to the underlying asset without holding it directly.

CFTC Recognition and Valhalla's Role

The announcement of the Floki ETP comes after the US Commodity Futures Trading Commission (CFTC) officially recognized Floki as a utility token during the Global Market Advisory Committee (GMAC) meeting on November 21. Floki was mentioned alongside Ethereum (ETH) and Avalanche (AVAX) in discussions about digital asset regulation.

One of the key factors that helped Floki gain recognition from the CFTC was Valhalla – Floki's NFT-based metaverse game, scheduled to launch in early 2025. The use of FLOKI as a currency in Valhalla helped solidify the token's real-world utility and increase Floki's legitimacy in the digital asset ecosystem.

Floki – Looking to the Future

Floki continues to innovate and grow its ecosystem to fulfill its mission of becoming the most widely known and used cryptocurrency in the world. With over 490,000 holders globally and a strategy to expand into traditional finance, Floki is proving its place in the cryptocurrency space.

About Floki

Floki is a cryptocurrency and a core utility token in the Floki ecosystem. Focusing on utility, community, philanthropy, and strategic marketing, Floki aims to become the most popular cryptocurrency in the world. Thanks to its continuous development and sound strategy, Floki is gradually asserting its position in the global financial market.