Michaela
Trump Media & Technology Group Corp. (TMGTG), the company behind President Donald Trump’s social platform Truth Social, has signed a non-binding agreement with Crypto.com to develop a lineup of exchange-traded funds (ETFs) and exchange-traded products (ETPs) under the Truth.Fi brand.
Crypto.com revealed plans to handle the backend technology and custody services for a new range of ETFs through its U.S. trust entity, Crypto.com Custody Trust Company. The platform will also supply the cryptocurrency for these funds. Investors will be able to purchase the ETFs via Foris Capital US LLC, Crypto.com’s registered broker-dealer.
The rollout is scheduled for later this year, pending a finalized agreement and regulatory approval. Once launched, the funds are expected to be accessible across major global markets, including the United States, Europe, and Asia. They will be available through existing platforms and brokerage services.
The launch of the ETFs will coincide with a series of Truth.Fi Separately Managed Accounts (SMAs). Both the ETFs and SMAs are part of Trump Media & Technology Group’s (TMTG) broader financial services and fintech strategy, with the company intending to invest using its own cash reserves.
“We’re excited to join Crypto.com, along with our partner Yorkville America, to launch America First investment products supporting innovative crypto ventures, great American companies, and cutting-edge technologies,” TMTG CEO and Chairman Devin Nunes said.
Nunes emphasized that the goal is to develop “innovative funds” that feature companies focused on fast-paced growth, technological advancements, and bolstering the U.S. economy. “Investors will finally have options that adhere to their principles and that support superior U.S. companies precisely focused on their core businesses,” he added.
Crypto.com CEO and co-founder Kris Marszalek expressed enthusiasm about the company’s collaboration with Truth Social, emphasizing its role in supporting the upcoming ETF offerings. Among these funds will be a first-of-its-kind basket of digital assets, featuring CRO, the native token of the Cronos blockchain.
“These ETFs will give consumers more options from a brand with a loyal following. Once launched, these ETFs will be available on the Crypto.com App for our more than 140 million users around the world,” Marszalek said.
The potential launch of the ETFs would further solidify President Trump’s growing involvement in the cryptocurrency sector.
Concerns over potential conflicts of interest between former President Trump’s political role and his business ventures in the cryptocurrency space. Critics point to the Trump Organization’s ownership of the crypto platform World Liberty Financial, as well as the launch of the Official Trump (TRUMP) meme coin just three days before his inauguration, as examples of financial entanglements that could blur the lines between his personal interests and public office.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
