Crypto.com Partners with Trump Media and Technology Group (TMTG) to Launch a Series of Exchange-Traded Funds (ETFs) under the Truth.Fi Brand

TMTG announced on Monday that it has entered into a non-binding agreement with Crypto.com to develop a series of exchange-traded funds (ETFs) and exchange-traded products under the Truth.Fi brand.

Trump Media and Technology Group Corp (NYSE:TMTG) announced on Monday that it has entered into a non-binding agreement with Crypto.com (NASDAQ:CRO) to develop a series of exchange-traded funds (ETFs) and exchange-traded products under the Truth.Fi brand.

The planned ETFs will be offered through Crypto.com’s broker-dealer, Foris Capital US LLC, and are expected to include a mix of digital assets and traditional securities, with a focus on the US economy.

Crypto.com will contribute its technological infrastructure for the ETFs’ backend operations, custody services, and supply cryptocurrencies. The partnership will reportedly integrate a basket of cryptocurrencies, including Bitcoin (BTC) and Cronos (CRO), the utility token for the Crypto.com platform, catering to the growing interest in digital assets among investors.

Devin Nunes, CEO and Chairman of TMTG, expressed enthusiasm for the partnership, stating, “We aim to support innovative crypto ventures and great American companies without the distractions of political posturing.”

Nunes added that the funds will concentrate on firms known for rapid growth and technological innovation, providing investors with options that align with their principles.

Kris Marszalek, co-founder and CEO of Crypto.com, said: “We are proud to partner with Trump Media and Yorkville America, and to support the launch of these new ETFs, including the first of its kind basket of tokens including CRO. These ETFs 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.”

In addition to the ETFs, TMTG plans to introduce Truth.Fi Separately Managed Accounts (SMAs), which will be funded by the company’s cash reserves.

The overall financial strategy includes a substantial investment of up to $250 million, managed by Charles Schwab, further expanding TMTG’s footprint in the financial services sector.

The launch of these ETFs is anticipated later this year, pending definitive agreements and regulatory approval. Once established, these products will be accessible internationally, including in major markets across the United States, Europe, and Asia.