The team behind popular memecoin FLOKI has launched an asset tokenization platform, TokenFi, to “capitalize on the trillion-dollar tokenization industry.”
TokenFi aims to simplify crypto and asset tokenization processes with the aim of becoming the leader in the tokenization industry. The platform has several products in advanced development on Testnet as it is to go live in Q4 2023.
The team has stated that they will reveal the website, roadmap, and more information soon. “We are working with some of the biggest names in the industry - especially from an institutional perspective - to make TokenFi a success,” the team said.
While not disclosing much information about TokenFi, the announcement unveiled TOKEN, the native token with a total supply of 10 billion tokens on the Ethereum and BSC chains.
Floki DAO’s onboarded market maker, DWF Labs, will also handle TokenFi’s marketmaking, while its strategic partner, World Table Tennis, will introduce the asset tokenization platform to an audience of over 120 million users.
The news has put FLOKI on a new bull run, with it surging more than 25%, and its volume has doubled in the past 24 hours, according to Coinmarketcap data. FLOKI’s market price has recorded an increase of over 140% since the past month.
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