Trump Media and Technology Group (TMTG), the parent company of Truth Social, has officially finalized an agreement with Crypto.com and Yorkville America Digital. This pivotal deal sets the stage for the launch of a new suite of exchange-traded funds (ETFs) and related investment products, including some focused on tracking assets like Bitcoin and Cronos.

TMTG CEO and Chairman Devin Nunes commented on the development, stating, “This agreement is a major step forward in diversifying TMTG into financial services and digital assets.” He also highlighted the platform’s goal: to make “ETFs available to the market for investors who believe both the American economy and digital assets are poised for tremendous growth.”

A press release dated April 22 provided more details, indicating that these upcoming investment products will be facilitated through Foris Capital US LLC, which serves as Crypto.com’s broker-dealer. In addition to offering access to digital assets, the lineup will also include exposure to sectors centered around the United States, such as the energy industry.

These new ETFs are slated to operate under the Truth.Fi brand, Trump Media’s dedicated fintech platform, which was initially introduced in January. At its debut, the company also shared plans to allocate up to $250 million for investments in ETFs and separately managed accounts (SMAs).

If they receive the necessary regulatory clearances, plans are in place for these ETFs to launch globally across the US, Europe, and Asia later in the year. Investors are expected to access them through existing investment platforms and brokerage services.

Late last month, Trump Media first announced it had signed a non-binding letter of intent to explore collaboration with Crypto.com. Alongside the forthcoming ETFs, the company is also developing a series of Truth.Fi-branded SMAs, though details on these specific offerings are still pending.

Kris Marszalek, the CEO of Crypto.com, remarked that the agreement “is a testament” to his exchange’s capability to effectively bridge the gap between traditional finance (TradFi) and the world of crypto. He added that Crypto.com is set to play a key role in facilitating the “Trump Media ETFs’ global distribution.”

“It’s a win for Trump Media, Crypto.com, CRO, and Yorkville America Digital,” Marszalek concluded.

Adding to the statements, Troy Rillo, CEO of Yorkville America Digital, said, “Finalizing our agreement with Trump Media and Crypto.com for our ETF launch is a significant milestone as we work to bring to market new products that align with the America-First focus of our firm.”

Notably, the custodial services for the $250 million that Trump Media has earmarked for its financial products are being provided by Charles Schwab, a major brokerage that is also planning to introduce spot crypto trading capabilities.

Looking ahead, Crypto.com’s own plans include launching a spot ETF for its native token, Cronos (CRO), as outlined in its 2025 roadmap. The exchange anticipates submitting the formal application for this product in the fourth quarter of 2025.

Additionally, Crypto.com hints at the launch of a stablecoin sometime in the third quarter of 2025. While full details are sparse, this stablecoin is expected to streamline transactions on their platform, improve cross-border payments, and enhance integration with decentralized finance (DeFi).

Share this article