Trump Media teams up with Crypto.com to launch digital asset ETFs

Trump Media & Technology Group, the company behind Truth Social, is expanding its financial offers with a new partnership aimed at launching digital exchange funds focused on digital assets.

Business announcement that he finalized an agreement with Crypto.com And the director of assets Yorkville America Digital to offer a series of FNB and related investment products under the brand “Truth” Brand.fi.

THE ETF will combine exposure to digital assets and “made in America” ​​titles in sectors such as energy. Subject to regulatory approval, products should make their debut later this year and be available for investors in the United States, Europe and Asia through existing brokerage platforms.

Trump Media and Technology Group had previously applied to the brand six investment products under a new financial brand called truth.fi.

THE The deposits included The FNB and the accounts managed separately have focused on American manufacturing, energy independence and bitcoin (BTC) Investments.

America as a center for digital assets

TMTG’s President and CEO, Devin Nunes, said the launch marks a key step in the company’s plan to enter the financial services sector.

“We are satisfied to work with large partners … and we are impatient to bring FNB to the investor market who believe that the American economy and digital assets are ready for enormous growth,” Nunes said in the press release.

The CEO of Crypto.com, Kris Marszalek, underlined the agreement as a proof of the force of the company to fill traditional and digital finances, while the CEO of Yorkville, Troy Rillo, described the agreement of “significant milestone” aligned with the objective of the company’s first.

The Crypto.com broker subsidiary, Foris Capital US LLC, will facilitate distribution, according to a press release on the issue.

ETFs will be launched alongside accounts managed separately, and TMTG plans to invest up to $ 250 million in its own capital in new offers, with the Guard provided by Charles Schwab.