Claim BonusTrump Media To Launch Crypto ETFs In Partnership With CryptoCom
Highlights
- The Trump Media group wants an ETF push
- CryptoCom will play a key role as the broker for the ETF
- This ETF venture will compliment the crypto engagements of World Liberty Financial
In a major development, Trump Media and Technology Group (TMTG) is entering the exchange-traded funds (ETFs) market through a new partnership with CryptoCom.
According to the firm’s announcement, it is set to execute its strategy to release a series of ETFs featuring several cryptocurrencies and American-focused securities under its Truth.Fi brand.
Trump Media and Crypto ETF Plans
According to the Trump Media announcement, the proposed funds are expected to go beyond crypto and, as confirmed, feature thriving American industries such as energy.
The ETFs will be available through Foris Capital US LLC, Crypto.com’s broker-dealer. The offering is expected to feature Bitcoin and Cronos, along with other crypto assets.
TMTG CEO Devin Nunes emphasized that these funds will prioritize companies dedicated to growth and development without external political influences.
He stated that the goal is to create investment options that uphold American values while supporting industries contributing to economic expansion.
As reported earlier by CoinGape, In January, Trump Media & Technology Group launched Truth.Fi, investing $250M in Bitcoin, ETFs, and SMAs.
Terms of the CryptoCom Partnership
Under the terms of the partnership, Crypto.com, a major global cryptocurrency trading platform, will handle the backend technology. In addition, it will support custody services and the supply of crypto assets for the ETFs.
According to CryptoCom CEO Kris Marszalek, this collaboration will introduce a new kind of ETF that integrates a curated selection of cryptocurrencies.
Marszalek revealed to the public that these ETFs will be available to a global audience. These include users in the United States, Europe, and Asia. In addition, CryptoCom, which has over 140 million users worldwide, will make these products accessible through its app.
The collaboration intends to expand investment opportunities for digital asset traders and traditional investors looking for exposure to the cryptocurrency market.
The ETFs are expected to launch later this year, pending regulatory approval and the signing of a definitive agreement.
In addition to the ETFs, Trump Media plans to introduce Separately Managed Accounts (SMAs) under the Truth.Fi brand. This will provide investors with more tailored investment options.
Complementing the Trump Brand With WLFI
Still, the ETFs and SMAs will be part of TMTG’s broader financial strategy, which includes an investment of up to $250 million.
These funds will be custodied by Charles Schwab, a major financial institution, ensuring a structured and secure investment framework.
Beyond this latest push, the Trump brand has been investing in blockchain projects through the World Liberty Financial (WLFI) project. In a recent update, CoinGape reported that Trump’s World Liberty Financial has deployed a stablecoin on the BNB Chain.
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