Trump Media & Technology Group (TMTG), through its fintech arm Truth.Fi, has announced a partnership with Crypto.com to develop and launch a series of exchange-traded funds (ETFs). This collaboration aims to create ETFs that encompass both digital assets and traditional securities, with a focus on “Made in America” industries.
Crypto.com will supply custody services and necessary backend technologies through its U.S. trust company, and supply the cryptocurrency components for these ETFs. The planned ETFs are expected to include a diverse basket of assets, featuring cryptocurrencies like Bitcoin and Crypto.com’s own Cronos (CRO), alongside other securities.
The partnership seeks to make these ETFs accessible to a global audience, with plans for distribution across the United States, Europe, and Asia, utilizing existing brokerages and investment platforms. Crypto.com’s extensive user base is also expected to have access to these investment products through the Crypto.com app.
TMTG has expressed its intention to allocate a significant portion of its cash reserves, up to $250 million, into these ETFs and related Separately Managed Accounts (SMAs). The company’s leadership has emphasized the goal of creating investment products that support innovation and the U.S. economy.
