Trump Media Signs Deal with Crypto.com to Launch ETFs Targeting U.S. Investors
The initiative aims to offer both digital assets and securities with a strong "Made in America" focus
Donald Trump's Trump Media & Technology Group (TMTG) has struck a non-binding agreement with Crypto.com to develop a range of exchange-traded funds (ETFs) and financial products.
The initiative will focus on offering both digital assets and securities with a strong "Made in America" theme, the company said on Monday.
Crypto.com’s affiliated broker-dealer will distribute the ETFs, while Crypto.com will provide the technology infrastructure, custody services, and cryptocurrencies for the products.
One of the planned offerings includes a cryptocurrency ETF basket featuring assets like Bitcoin and Cronos.
The launch is expected later this year, pending regulatory approval.
TMTG, the company behind Truth Social and majority-owned by Donald Trump, aims to create a suite of innovative investment products with a focus on growth, tech, and supporting the U.S. economy, free from "woke nonsense and political posturing," said Trump Media CEO Devin Nunes.
ETWs will be available internationally through the Crypto.com app once released.
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