California: Trump Media & Technology Group (TMTG) has announced a strategic partnership with Crypto.com to launch exchange-traded funds (ETFs) through its financial services brand, Truth.Fi. The move marks the company’s latest expansion into the digital asset space.
Following the announcement, Trump Media’s stock surged 10.5% in after-hours trading on Monday. However, the company’s shares remain down 38% over the past year.
Global Investment Opportunity
The upcoming ETFs, expected to launch later this year, will feature a mix of digital assets and “Made in America” securities spanning various industries. These funds will be available internationally, including in the U.S., Europe, and Asia, through Crypto.com’s broker-dealer, Foris Capital.
Crypto.com will provide backend infrastructure, custody solutions, and cryptocurrency support, including assets like Bitcoin and Cronos.
Trump Media’s Financial Expansion
The announcement comes as Trump Media accelerates its FinTech ambitions. In January, the company introduced Truth.Fi amid a booming crypto market. Shortly after, its board approved a $250 million investment through Charles Schwab, aiming to diversify cash holdings exceeding $700 million at the end of last year.
As part of its investment strategy, Trump Media plans to allocate funds into ETFs, separately managed accounts, and cryptocurrencies.
Trademark Moves and Future Growth
In February, Trump Media applied for six investment-related trademarks tied to Bitcoin, U.S. manufacturing, and energy independence. These include:
- Truth.Fi Bitcoin Plus ETF
- Truth.Fi Made in America ETF
- Truth.Fi U.S. Energy Independence ETF
With this latest move, Trump Media is positioning itself as a key player in the digital investment space, merging politics, technology, and finance in a bid to attract investors looking for alternative assets.
Disclaimer: The news articles published on Growing Pro Technologies are based on reports from reputable third-party sources and are not original reporting by Growing Pro Technologies. While we strive to ensure accuracy and integrity, we cannot guarantee the completeness or timeliness of the information provided.
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