Trump Media cooperates with Crypto.com for the introduction of ETFs
The Trump Media and Technology Group (TMTG) announced on Monday that Truth.fi with Crypto.com has made a non -binding agreement to provide for several stock markets traded funds (ETFs).
Trump Media wants to bring “Made in America” to the market
The Trump Media and Technology Group (TMTG) of President Trump plans to launch a number of IPO -traded funds (ETFs) in 2025.
For this purpose, the company has signed a non-binding agreement with the crypto tour crypto.com to publish the ETFs through its fintech brand Truth.Fi.
The planned ETFs should concentrate on cryptocurrencies and securities with origin in the USA and offered broker platform foris capital via Crypto.coms. Crypto.com functions as an official token supplier for the crypto ETFs, including Bitcoin, Cronos and other so-called “Made in America” tokens.
“Our goal is to create innovative funds that rely on companies that promote rapid growth, technological innovation and strengthening the US economy-free of Wooker ideology and political theater,” said TMTG CEO and CEO Devin Nunes in the message.
Trump Media also announced that it will make ETFs accessible internationally, especially in Europe and Asia, and use existing broker and investment platforms. As soon as you go live, Crypto.com users should be able to access the products via the app, co-founder Kris Marszalek said.
The start of the ETFs is planned for later a year – subject to regulatory approval and a final agreement between the two partners. The launch is planned as part of the Truth.Fi separately managed accounts (SMAS), with an initial assignment of up to $ 250 million from business assets.
This step underlines TMTGS ambitions to establish itself as an important actor in the field of digital assets – in accordance with President Trump's promise to make America a global center for cryptocurrencies.
The cryptocurrency cronos (Cro) increased by 13 % after the announcement.
