Trump Media enters nonbinding agreement to partner with online crypto giant to launch ETFs
TMTG said the assets will be available in the United States, Europe and Asia, and will give investors options that align with America First principles.
The Trump Media and Technology Group (TMTG) on Monday entered a nonbinding agreement with Crypto.com, to partner together to launch a series of exchange-traded funds (ETFs) and exchange-traded products.
The project is expected to launch later this year, after a formal agreement is reached and the partnership is approved. The ETFs will comprise of digital assets as well as securities with a "Made in America focus," the media company said.
TMTG said the assets will be available in the United States, Europe and Asia, and will give investors options that align with America First principles.
“We’re excited to join Crypto.com, along with our partner Yorkville America, to launch America First investment products supporting innovative crypto ventures, great American companies, and cutting-edge technologies," TMTG CEO Devin Nunes said in a statement. "We aim to create inventive funds incorporating firms that concentrate on rapid growth, technological innovation, and strengthening the U.S. economy, unencumbered by woke nonsense and political posturing."
Crypto.com co-founder and CEO Kris Marszalek said the company was "proud" to partner with Trump Media.
"These ETFs will give consumers more options from a brand with a loyal following," Marszalek said. "Once launched, these ETFs will be available on the Crypto.com App for our more than 140 million users around the world.”
The crypto company is considered an industry leader in its compliance with regulations, security and privacy. It reaches more than 140 million customers worldwide.
Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.