Trump Media has announced plans to team up with Crypto.com
$1.91B
to create a new line of exchange-traded funds (ETFs) focused on the US market.
The agreement, which is not yet final, also includes Trump Technology Group Corp (TMTG), the company behind the Truth Social platform and the financial brand Truth.Fi.
According to a statement from Trump Media, published on March 24, the goal is to make the ETFs available not just in the United States, but also in Europe and Asia, through common trading platforms.
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If approved, the ETFs would be launched through Foris Capital US LLC, a broker affiliated with Crypto.com. These funds would feature both cryptocurrencies and traditional assets that support American-based industries.
Crypto.com would handle the technology and security systems for the funds, which could include digital currencies like Bitcoin
$86,882.59
, Ethereum
$2,064.66
, Solana
$141.61
, XRP
$2.43
, and Cronos
$0.1061
.
According to Crypto.com’s CEO, Kris Marszalek, the company plans to offer the ETFs to users on its app, which serves over 140 million people worldwide.
At the same time, TMTG is preparing to launch Truth.Fi Separately Managed Accounts (SMAs). These are customized investment portfolios that will be introduced alongside the new ETFs. Additionally, TMTG plans to use some of its own funds to invest in these SMAs.
A group of executives from TMTG recently launched Renatus Tactical Acquisition Corp I. What is it? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
