TechFlow News, December 25 — According to CoinDesk, Floki is collaborating with an asset management firm to develop an exchange-traded product (ETP) tracking its FLOKI token, which could be launched for European investors at the beginning of the new year. If approved, FLOKI will become the only meme token in Europe—aside from Dogecoin (DOGE)—with an institutional product.
Developers are seeking approval from the Floki DAO community to provide initial liquidity for the product upon launch. The voting period lasts 48 hours and will end on December 27 at 11:00 UTC.
If the proposal is approved, FLOKI tokens will provide liquidity for the ETP while remaining owned by Floki; the tokens can be withdrawn once sufficient third-party liquidity is established in the ETP.
