Trump Media and Technology Group Corp. (TMTG), the company behind Truth Social, has announced plans to partner with Crypto.com to introduce a series of exchange-traded funds (ETFs) and financial products under the Truth.Fi brand. These products, set to launch in late 2025, will focus on digital assets and American industries like energy, pending regulatory approvals.
TMTG’s stock, currently trading at $14,926.1, has seen significant market activity, with an average daily volume of 129.57 million shares over the past three months, according to InvestingPro.
The partnership with Crypto.com, a leading cryptocurrency platform, will provide the technology and custodial services needed for the ETFs, along with a supply of digital currencies. The ETFs will include a mix of assets such as Bitcoin, Cronos, and other cryptocurrencies, aiming for global accessibility in markets like the U.S., Europe, and Asia.
TMTG CEO Devin Nunes expressed excitement over the partnership, highlighting the goal of creating funds that support rapid growth and U.S. economic innovation. Kris Marszalek, CEO of Crypto.com, echoed this, emphasizing that the partnership would give consumers more options from a trusted brand.
Alongside the ETFs, the collaboration will introduce Separately Managed Accounts (SMAs), which are part of TMTG’s broader strategy to expand into financial services and FinTech. The company plans to invest up to $250 million from its cash reserves. Charles Schwab will act as the custodian for these funds.
This move is part of TMTG’s mission to challenge Big Tech and promote free speech across its platforms, including Truth+ streaming services. The new financial products align with the company’s “America First” investment philosophy.
Crypto.com, founded in 2016, has earned the trust of over 140 million customers and is a leader in cryptocurrency security and privacy. The company aims to accelerate cryptocurrency adoption and create a more equitable digital ecosystem.
The announcement comes with forward-looking statements, and the success of the ETFs and SMAs depends on various factors, including regulatory approval and market conditions. TMTG’s stock has ranged between $14,244.06 and $17,845.72 over the past year as the market continues to evaluate the company’s growth.
Other Recent Developments at TMTG
In addition to its financial services plans, TMTG recently launched the Truth+ app for Roku TV, expanding its streaming offerings with live TV channels and plans for Video on Demand content. The company also updated its Truth Social app, adding new features like enhanced Groups and improved security measures.
TMTG, in collaboration with Rumble, is challenging a Brazilian Supreme Court order to suspend Rumble’s operations in Brazil. The companies have filed an emergency motion in a U.S. federal court to block the order.
Moreover, TMTG is making further moves in the financial services sector with its Truth.Fi brand. The company has filed trademark applications for America First-themed investment products, and it is partnering with Charles Schwab and Yorkville Advisors to develop ETFs and SMAs. Additionally, TMTG has teamed up with Moov to improve payment processing for its platforms, aiming to offer flexible subscription options for Truth+. These steps mark TMTG’s continued efforts to diversify and expand its market presence.
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