- FLOKI plans an early 2025 ETP launch on the SIX Swiss Exchange, becoming the second meme coin after Dogecoin to achieve this milestone.
- DAO proposes using a portion of 16.3 billion tokens from previous buybacks for ETP liquidity and plans to burn the remainder.
- Swiss exchange listing represents a major upgrade from Dogecoin’s Swedish market presence, targeting a more prestigious financial venue.
FLOKI is planning to roll out its Exchange-Traded Product (ETP) on Switzerland’s prestigious SIX Swiss Exchange in early Q1 2025. This marks a significant milestone as it is poised to become the second meme coin after Dogecoin to offer an ETP investment vehicle.
The governance proposal stated that FLOKI ETP will provide regulated access to both institutional and retail investors into the cryptocurrency market through Switzerland’s largest stock exchange. The move represents a strategic push into traditional finance (TradFi), offering investors a secure and regulated avenue to invest in FLOKI.
The team is currently working alongside an Asset Manager and ETP Issuer and has completed months of rigorous due diligence to prepare for this launch. The initiative has received tremendous traction and has surpassed Dogecoin’s current ETP presence on Sweden’s Spotlight Stock Market by targeting the more established Swiss exchange.
FLOKI ETP Launch: Leveraging Buyback Tokens & Targeting Swiss Exchange
To support the ETP’s launch, FLOKI DAO has proposed utilizing tokens from previous buybacks, currently holding 16.3 billion FLOKI tokens in a designated wallet. The DAO plans to use a portion of these tokens for ETP liquidity while burning the remaining amount upon launch.
Furthermore, the proposal maintains strategic flexibility, ensuring the meme coin team retains ownership of the tokens provided for ETP liquidity. This arrangement allows for future withdrawal once sufficient third-party liquidity develops in the ETP.
However, specific details about the ETP remain confidential until launch citing non-disclosure agreements. But, FLOKI DAO assured crypto proponents to provide the necessary information once the product goes live and disclosure restrictions are lifted.
