TMTG, the media and technology company founded by former U.S. President Donald Trump, is venturing into the exchange-traded fund (ETF) market through a collaboration with Crypto.com. The partnership will see the release of several ETFs under the Truth.Fi brand, designed to incorporate cryptocurrencies and U.S.-focused securities.
According to TMTG, these ETFs will extend beyond crypto assets, encompassing industries like energy, which are vital to U.S. economic growth. The funds will be made available through Foris Capital US LLC, the broker-dealer for Crypto.com. Bitcoin and Cronos are among the assets slated to be included.
Devin Nunes, CEO of TMTG, highlighted that the ETFs are intended to concentrate on companies committed to growth, free of political influence. He stated that the objective is to provide investment choices that champion American values and bolster economic expansion. Crypto.com will contribute its expertise in backend technology, custody services, and crypto asset supply.
Kris Marszalek, the CEO of Crypto.com, revealed that these ETFs will be accessible globally, including in the U.S., Europe, and Asia, using the Crypto.com app, which has a user base exceeding 140 million. The launch of the ETFs is anticipated later this year, pending regulatory approvals. TMTG also intends to introduce Separately Managed Accounts (SMAs) under the Truth.Fi brand to offer more customized investment opportunities.
In addition to the ETFs, the Trump business portfolio includes World Liberty Financial (WLFI), which recently launched a stablecoin on the BNB Chain. With these strategic moves, Trump Media is expanding its operations within both the traditional financial sector and the blockchain industry.
