Trump Media & Technology Group, the parent company of Truth Social and primarily owned by Donald Trump, has entered a non-binding agreement with Crypto.com. The deal will facilitate the development of various exchange-traded funds (ETFs) and related financial products. The initiative is geared toward offering both digital assets and securities, with a stated ‘Made in America’ focus, the company announced on Monday.
Under the agreement, the distribution of the ETFs will be managed by Crypto.com’s affiliated broker-dealer. Crypto.com will also furnish the technological infrastructure, custody services, and the required cryptocurrencies for these financial products. One of the proposed offerings is a cryptocurrency ETF basket, which will include assets such as Bitcoin and Cronos.
The launch of these ETFs is anticipated later this year, contingent on securing regulatory approvals. According to Trump Media CEO Devin Nunes, the objective is to create innovative investment products that center on growth, technology, and support for the U.S. economy. These products are intended to be free from what Nunes described as ‘woke nonsense and political posturing.’ Once released, the ETFs will be available globally via the Crypto.com app.
