Trump Media and Technology Group Corp. DJT announced a partnership with cryptocurrency exchange Crypto.com Monday to introduce a series of exchange-traded funds.

The non-binding agreement will facilitate the launch of ETFs under the Truth.Fi brand, a fintech subsidiary of TMTG, according to a press release.

Trump Media and Technology Group Corp (NYSE:DJT) announced a partnership with cryptocurrency exchange Crypto.com to introduce a series of exchange-traded funds.

What Happened: The non-binding agreement will pave the way for the launch of ETFs under the Truth.Fi brand, a fintech subsidiary of TMTG. The proposed ETFs, which will span digital assets and securities with a focus on “Made in America,” will be accessible through Crypto.com’s broker-dealer, Foris Capital US LLC.

Based in Singapore, the cryptocurrency firm will provide the backend technology, custody and supply of cryptocurrencies for the ETFs. The ETFs are expected to debut later this year and will feature a basket of cryptocurrencies, including Bitcoin (BTC/USD), Crypto.com’s native cryptocurrency Cronos (CRO/USD) and others.

The partnership with Crypto.com follows an invitation granted to the company’s CEO, Kris Marszalek to the first-ever White House Crypto Summit earlier this month. As of writing, Crypto.com is the sixth-largest cryptocurrency exchange, facilitating volume of almost $2 billion in the last 24 hours, according to CoinGecko.

The move is part of a broader expansion of financial offerings by TMTG, which is best known for its Truth Social social media platform and Truth+ video streaming platform. The firm last month disclosed that three ETFs are in development: a Truth.Fi Bitcoin Plus ETF, a Truth.Fi Made in America ETF and a Truth.Fi Energy Independence ETF.

TMTG is co-founded and majority-owned by former U.S. President Donald Trump.

Why It Matters: Announcing the partnership on Monday, Trump said he has been a fan of cryptocurrency for a long time.

“We’re going to be doing a series of ETFs with the great people at Crypto.com. They’re going to be handling the back-end technology, custody and supply of cryptocurrencies for the ETFs,” Trump said.

The former president added that the partnership will bring together the best of both worlds—blockchain technology and innovative financial products.

The partnership with Crypto.com is a natural fit, given the company’s leading role in the cryptocurrency space and its commitment to providing cutting-edge financial solutions.

Together, Trump Media and Technology Group and Crypto.com will develop a unique portfolio of ETFs that will offer investors a diverse range of investment opportunities.

The proposed ETFs are expected to be available later this year, pending regulatory approval.

DJT Stock Movement: DJT stock is up 9.42% in overnight trading after closing 3.75% higher at $21.01 on Monday, according to Benzinga Pro.

The DJT stock scored low on the value score—a metric that assesses an asset’s relative worth by comparing its market price to fundamental measures—at the time of writing. To view high-value stocks, access Benzinga’s proprietary Edge Rankings score.

At the time of writing, the CRO token traded at $0.1008, having surged 24% in the last 24 hours. It was the second-biggest cryptocurrency gainer of the day.