Truth Social’s Parent Company Launches Digital Asset ETFs
Trump Media & Technology Group (TMTG), the force behind Truth Social, is venturing into the financial sector. The company has teamed up with Crypto.com and Yorkville America Digital to introduce a range of digital asset-focused exchange-traded funds (etfs).
These ETFs will blend digital assets with “Made in America” securities, covering sectors like energy. If approved by regulators, they will launch later this year.Investors in the U.S., Europe, and Asia can access them via existing brokerage platforms.
TMTG had earlier sought to trademark six investment products under the Truth.Fi brand. These included ETFs and separately managed accounts focused on American manufacturing, energy independence, and Bitcoin (BTC) investments.
Devin Nunes, TMTG’s Chairman and CEO, views this as a important move into financial services. “We’re excited to partner with top firms and bring ETFs to investors who see potential in both the American economy and digital assets,” he stated.
Kris Marszalek, Crypto.com’s CEO, sees the deal as a testament to the company’s ability to bridge traditional and digital finance. Troy Rillo, Yorkville’s CEO, calls it a “major milestone” in line with their America-First strategy.
Foris Capital US LLC, a Crypto.com subsidiary, will handle distribution. TMTG plans to invest up to $250 million of its own capital, with Charles Schwab providing custody.
