Trump Media and Technology Group (TMTG) announced Tuesday a collaboration with Crypto.com to introduce a series of exchange-traded funds (ETFs) under its Truth.Fi brand.
According to a new press release, the planned ETFs will focus on digital assets and securities, emphasizing a “Made in America” theme, marking TMTG’s entry into financial services.
[adinserter block="1"]The company stated that regulatory approval is still required, and the ETFs are expected to debut later this year.
Says TMTG CEO and Chairman Devin Nunes,
“This agreement is a major step forward in diversifying TMTG into financial services and digital assets. We’re gratified to work with great partners, Crypto.com and Yorkville America Digital, and look forward to bringing ETFs to the market for investors who believe both the American economy and digital assets are poised for tremendous growth.”
The partnership also includes Yorkville America Digital, an asset management firm specializing in ETFs and digital assets.
Crypto.com and Yorkville representatives both highlighted the growth potential of this venture.
Says Kris Marszalek, Co-Founder and CEO of Crypto.com,
“Crypto.com is the leading platform to bridge crypto and traditional finance, and this agreement is a testament to those capabilities.
This partnership gives the Trump Media ETFs global distribution powered by the Crypto.com platform. It’s a win for Trump Media, Crypto.com, CRO, and Yorkville America Digital.”
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