Floki DAO has introduced a proposal to its community to approve liquidity provisioning for a forthcoming Floki Exchange-Traded Product (ETP), which is expected to go live on the SIX Swiss Exchange in early 2025. If approved, Floki could become the second memecoin globally to achieve ETP status, following Dogecoin.

An Exchange-Traded Product (ETP) functions as a publicly traded investment vehicle, similar to an Exchange-Traded Fund (ETF), but with structural differences. 

When launched, the Floki ETP will trade on the SIX Swiss Exchange, Switzerland's largest stock exchange and the third-largest in Europe. The initiative marks a significant milestone for Floki, positioning it alongside Dogecoin as one of the only memecoins with a regulated financial instrument available to global investors.‍

Proposal Details

Floki DAO is seeking community approval to allocate a portion of its existing FLOKI token reserves for liquidity provisioning of the ETP. Currently, 100% of the 146 members have voted “yes.” If the proposal passes, the DAO plans to use part of these tokens to provide liquidity while burning the remaining supply upon the ETP’s launch.

The liquidity-provided tokens will remain under Floki's control, with the option for withdrawal if sufficient third-party liquidity becomes available in the future. Due to non-disclosure agreements (NDAs), specific details about the ETP have not been disclosed, but further information is expected closer to its launch.‍

A Significant Development for Memecoins

Floki’s potential debut on the SIX Swiss Exchange represents a unique opportunity to elevate its standing in the cryptocurrency ecosystem. Unlike Dogecoin’s ETP, which is listed on Sweden’s Spotlight Stock Market, Floki’s ETP will debut on a larger and more prestigious exchange, further solidifying Switzerland’s reputation as a hub for financial innovation.

The DAO describes the move as a bridge between traditional finance (TradFi) and decentralized finance (DeFi), aiming to enhance FLOKI’s appeal to regulated entities and institutional investors. If successful, the initiative could bolster investor confidence in the memecoin and potentially attract greater adoption.‍

Community Vote

The proposal awaits approval from the Floki community, with discussions ongoing within the DAO. As part of its governance model, the decision to move forward with the liquidity provisioning and token burning will depend on the outcome of the community vote.

If approved, the Floki ETP could significantly impact the cryptocurrency’s market presence, offering a regulated investment option for a broader audience and setting a precedent for other tokens in the memecoin category.

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