Key takeout
- Trump Media is launching an ETF on Crypto.com, which focuses on digital assets and the American industry.
- ETFs will become available worldwide with pending regulatory approvals, strengthening TMTG’s financial services strategy.
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Trump Media and Technology Group (TMTG), which operates Truth Social, has sealed off its deal with Crypto.com and Yorkville America Digital.
“This agreement is a major step in diversifying TMTG into financial services and digital assets,” said Devin Nunes, CEO and Chairman of TMTG, adding, “It’s about bringing ETFs into the market for investors who believe both the American economy and digital assets are poised for incredible growth.”
A press release issued on April 22, future investment products distributed through Crypto.com’s broker-dealer Foris Capital US LLC will provide exposure not only to digital assets but also to US-centric industries such as energy.
These ETFs will debut under Trump Media’s fintech platform Truth.fi, which launched in January. The entity also noted when it launched plans to invest up to $250 million in ETFs and individually managed accounts (SMAs).
Ensuring regulatory approval, the planned ETF is scheduled to launch globally throughout the US, Europe and Asia later this year through existing platforms and brokerages.
Trump media first revealed that it signed a non-binding contract late last month to work with crypto.com. In addition to the ETF rollout, the company is also considering publishing a collection of truth.
Crypto.com CEO Kris Marszalek said the agreement is “proof” to the ability to exchange to bridge the gap between the Tradfi and Crypto worlds. Crypto.com will help promote “the global distribution of Trump Media ETFS.”
“This is a victory for Trump Media, Crypto.com, CRO and the digital of Yorkville America,” says Marszalek.
Troilliro, CEO of Yorkville America Digital, said:
Charles Schwab is a leading brokerage planning to provide Spot Crypto Trading and will serve as the manager of the $250 million stash that Trump Media planned for financial products.
The launch of the Cronos (CRO) Spot ETF is part of Crypto.com’s 2025 roadmap. The company plans to submit a product application in the fourth quarter of 2025.
Crypto.com is aiming to launch Stablecoin in the third quarter of 2025. Although details are limited, Stablecoin is expected to enhance on-platform transactions, cross-border payments, and Defi integration.
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