Trump Media is preparing to launch digital asset and American-made themed ETFs in partnership with Crypto.com.
Trump Media Partners with Crypto.com to Launch Digital Asset ETFs
Trump Media & Technology Group (TMTG) has announced a strategic partnership with crypto exchange Crypto.com to introduce exchange-traded funds (ETFs) focused on digital assets and the “Made in America” theme. These funds, developed under TMTG’s financial services arm Truth.Fi, will include a mix of digital assets and securities from U.S.-based companies. The ETFs are expected to be listed on exchanges across the U.S., Europe, and Asia.
Crypto.com’s Role and Investor Benefits
The ETFs will be offered through Crypto.com’s U.S. brokerage Foris Capital US LLC and supported by its technology infrastructure. According to the announcement, the goal is to provide investors with access to both the digital asset market and high-growth American industries.
TMTG CEO Devin Nunes stated that these new investment products align with American economic values and aim to offer a stable alternative in the financial world, free from political divisions.
TMTG’s Expansion into the Financial Sector
This move signals TMTG’s ambition to expand beyond social media into the financial sector. The company has committed $250 million from its reserves, held at Charles Schwab, to support the success of these ETFs. Additionally, separately managed accounts (SMAs) will also be available to investors.
TMTG’s broader financial expansion aligns with another Trump-backed financial venture, World Liberty Financial (WLFI), which has been growing its footprint in the crypto market. Recently, WLFI partnered with Sui to add its token to their portfolio.
Market Impact and Regulatory Challenges
The impact of the TMTG-Crypto.com partnership on the ETF and crypto markets remains a topic of keen interest. Investors are closely watching how the SEC will respond to these ETF applications and whether XRP will be included in the funds.
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