In what constitutes the first major development for its newly minted Truth.Fi brand, Trump Media and Technology Group has signed a non-binding partnership agreement with Crypto.com to launch a series of ETFs.
For the benefit of those who might not be aware, Trump Media and Technology Group is the parent entity of the Truth Social platform and the Truth Plus content streaming service. Back in January, the company's board approved the diversion of up to $250 million from its then-cash reserve of around $700 million towards setting up customized Separately Managed Accounts (SMAs) and ETFs under the Truth.Fi banner.
Originally, the newly minted brand was to offer this service in partnership with Charles Schwab and advisors affiliated with Yorkville America. However, now Trump Media and Technology seems to have partnered with Crypto.com to offer a variety of ETFs under its Truth.Fi brand in conjunction with Yorkville advisors.
Under the arrangement, "Crypto.com will support the backend technology, provide custody, and supply the cryptocurrencies for the ETFs, which are anticipated to include a unique ETF basket of cryptocurrencies incorporating Bitcoin, Cronos, and other crypto assets."
The CEO of Crypto.com has noted that the envisaged ETFs will include one that comprises "the first of its kind basket of tokens including CRO."
"We are proud to partner with Truth Social (DJT) and Yorkville America, and to support the launch of these new ETFs, including the first of its kind basket of tokens including CRO."
Finally, these ETFs are expected to launch later this year following regulatory approval, and will also be widely available internationally.
Trump Media's board has also approved the creation of a "strategic acquisition fund with select investors" to explore "opportunities to partner, merge with and/or acquire other participants in the growing America First Economy ..."
At the time of writing, Trump Media and Technology Group shares are up 9 percent in after-hours trading. Year to date, however, the stock is down around 40 percent.
About the author: Writing is my one incontrovertible passion. Over the past six years, he has authored over 2,200 distinct articles on financial and tech-related topics, spanning nearly 1 million words. And he has been a member of Wcctech mobile team since 2025. As an alumnus of the University of Toronto, Rotman Commerce Program, I bring nuance, in-depth knowledge, and a unique perspective to every topic that I cover. When I'm not writing, I'm traveling the world, exploring hidden confectionaries and restaurants as an aspiring food connoisseur.
Follow Wccftech on Google to get more of our news coverage in your feeds.
