Share this article
Floki Developers Plan Regulated Bank Accounts in Next Value Capture for Tokens
SWIFT payments and SEPA IBANs will be supported – allowing users to transact and transfer money globally.
Updated Mar 22, 2024, 1:19 p.m. Published Mar 22, 2024, 1:13 p.m.
- Floki developers are working on offering regulated digital banking accounts that can be funded with FLOKI tokens and used to transact in USD, EUR, and GBP.
- The project also includes plans for debit cards and staking services, with accounts being facilitated through a partner licensed in Canada, Spain, Dominica, Australia and the UAE.
Floki developers are planning to offer users a regulated digital banking account they can fund using tokens that transact in dollars, euros and sterling, lead developer B told CoinDesk.
The development is part of a broader plan to release debit cards and staking services propelling the dog-themed meme coin to a serious project that offers users a crypto-based financial application.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
“We will introduce Floki-powered Bank Accounts in partnership with a fintech company,” B wrote in a Telegram message. “These accounts will be facilitated through a key partner licensed in four key jurisdictions: Canada, Spain, Dominica, Australia, and the UAE.”
Users will be able to create digital bank accounts and generate debit cards linked to these accounts, B said. Payments over the SWIFT international banking network and SEPA IBANs will be supported – allowing users to transact and transfer money globally.
The debit card will be offered on both the VISA and Mastercard payment networks. The cards will be issued in partnership with a Switzerland-based company that is regulated under the Swiss Financial Market Supervisory Authority (FINMA), the country's top watchdog.
FLOKI tokens are down 6.7% in the past 24 hours, data shows, faster than the broader market drop. The CoinDesk 20 Index has dropped 3.5%.
Floki, fashioned after the popular Shiba Inu dog breed that has spurred popular tokens including dogecoin and shiba inu , started as a meme coin project and has tried to shift its image in the past years with a focus on projects spanning from gaming applications to artificial intelligence.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Cascade Unveils 24/7 Neo-Brokerage Offering Perpetuals on Cryptos, U.S. Stocks
The platform will let retail traders use one margin account to trade round-the-clock perpetual markets.
What to know:
- Cascade has introduced a 24/7 brokerage-style app for perpetual markets spanning crypto, U.S. equities and private-asset exposure.
- The firm is pitching a single, unified margin account with direct-to-bank U.S. dollar capability for deposits and withdrawals.
- The company has raised $15 million from investors including Polychain Capital, Variant and Coinbase Ventures.
Top Stories
