- Trump Media and Crypto.com have signed an agreement to launch ETFs through Truth.Fi brand.
- The partnership introduces digital assets alongside a number of traditional securities.
- TMTG has made plans to expand globally by launching its new ETFs in key regions.
Trump Media & Technology Group (TMTG), the media corporation owned by President Donald Trump, announced on Monday that it has partnered with Crypto.com. The collaboration aims to launch exchange-traded funds (ETFs) and products under TMTG’s Truth.Fi brand. These ETFs will include a diverse range of digital assets and traditional securities with a “Made in America” focus. They will be offered through the broker-dealer Foris Capital on Crypto.com.
According to TMTG’s statement, the funds will be made available globally later this year, including in the United States, Europe, and Asia. Following the announcement, TMTG’s shares, which run the Truth Social platform, saw a 10.5% increase.
Crypto.com’s Role and the Strategic Move
Crypto.com is going to be crucial in creating and managing the new ETFs. The exchange will provide custody services and backend technology and support cryptocurrencies such as Bitcoin and Cronos. TMTG’s Truth. Fi brand is part of the company’s broader expansion into fintech, following the launch of the fintech and financial services brand in January. Crypto.com CEO Kris Marszalek praised TMTG’s loyal customer base and expressed confidence in the partnership, stating that it represents a key step in the mainstream integration of cryptocurrency with traditional financial systems.
Crypto.com was founded in 2016, and today, it boasts over 140 million customers throughout the world and the leading position in the global digital assets space. The company stands strongly for security, privacy, and regulatory compliance. Joining hands with TMTG gives more strength to Crypto.com as an essential financial services player.
Related: Trump Says U.S. Will Dominate Crypto And Next Generation of Financial Technologies
TMTG’s Vision for Truth.Fi
TMTG’s Truth.Fi brand will offer a unique basket of digital assets, including Bitcoin and Cronos, alongside traditional securities from industries like energy. TMTG’s broader goal is to empower Americans and open up the internet to counter Big Tech’s control over free speech. In addition to Truth Social, TMTG operates Truth+, a family-friendly streaming service, and now seeks to broaden its presence in financial services with Truth.Fi.
But the association with Crypto.com raised eyebrows. ZachXBT, a prominent investigator of blockchain-related matters, accused the company of resupplying 70 billion CRO tokens that were supposed to be irrevocably burned in 2021.
ZachXBT labeled this as a breach of trust and questioned why TMTG opted for Crypto.com over more established platforms like Coinbase or Kraken. Echoing the concerns of the crypto industry expert, Crypto Rexy called the issuance of tokens a “huge red flag,” warning that such actions could hurt the long-term credibility of Crypto.com.
