Trump Media, Crypto.com, Yorkville to Launch ‘America-First’ ETFs
The law firm Davis Polk & Wardwell LLP is advising all parties involved as the launch moves ahead.
Trump Media and Technology Group (TMTG), the company behind Truth Social, has officially signed a deal with Crypto.com and Yorkville America Digital to launch a new batch of exchange-traded funds (ETFs). These funds will be rolled out under TMTG’s financial arm, Truth.Fi.
The agreement, which follows a non-binding one signed in March, will bring a mix of digital assets and American industry-focused securities to investors. The goal is to offer ETFs with a “Made in America” approach, touching on sectors like energy and manufacturing, while also tapping into the crypto space.
The funds will be distributed through Foris Capital US LLC, Crypto.com’s registered broker-dealer. If approved by regulators, they’re expected to go live later this year, with plans for wide access across the U.S., Europe, and Asia through existing platforms.
“This agreement is a major step forward in diversifying TMTG into financial services and digital assets,” said Devin Nunes, TMTG’s CEO and Chairman. “We’re gratified to work with great partners, Crypto.com and Yorkville America Digital, and look forward to bringing ETFs to the market for investors who believe both the American economy and digital assets are poised for tremendous growth.”
Kris Marszalek, CEO of Crypto.com, said the partnership is a strong example of how traditional finance and crypto can work together: “This partnership gives the Trump Media ETFs global distribution powered by the Crypto.com platform. It’s a win for Trump Media, Crypto.com, CRO, and Yorkville America Digital.”
Yorkville America Digital’s CEO, Troy Rillo, called the agreement a key milestone. “We work to bring to market new products that align with the America-First focus of our firm.”
In addition to the ETFs, TMTG plans to roll out Truth.Fi Separately Managed Accounts (SMAs). The company will invest up to $250 million of its own funds into the ETFs and SMAs. Charles Schwab will handle custody.
The law firm Davis Polk & Wardwell LLP is advising all parties involved as the launch moves ahead.
TMTG will launch the ETFs alongside a set of Truth.Fi-managed accounts (SMAs), with plans to invest up to $250 million of its own funds. Charles Schwab will handle custody.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Dominance Hits 64.73%, 4-Year High
Bitcoin dominance surges to 64.73%, marking its highest level in four years and signaling a shift in market momentum.Bitcoin Takes the Lead AgainWhy Bitcoin Is Gaining DominanceWhat This Means for the Market
Presale Momentum to Institutional Adoption: The Rise of Qubetics, Chainlink, and SEI as the Best Cryptos to Join for Long Term
Explore Qubetics, Chainlink, and SEI – three leading cryptos to join for long-term growth. Get the latest updates, predictions, and how they are reshaping the blockchain space.Qubetics: A Game-Changer in Cross-Border TransactionsChainlink’s SWIFT Integration Nears CompletionSEI Blockchain Proposes Major Upgrade to Version TwoHow Qubetics Solves Problems that Its Predecessors Couldn’tConclusion: The Future of Blockchain is HereFor More Information:
Toshi’s Peak Is Gone—But BTFD Coin’s Presale Is Serving 100% Bonus and Referral Rewards If You Act Before May 26
BTFD Coin’s meme coin presale closes at 23:59 UTC on May 26, and once it’s gone, you’re looking at a higher price, fewer bonus tokens, and no shot at leaderboard referral rewards until the next cycle.BTFD Coin: Referral Program + 100% Bonus Fuel the Next Big Meme Coin RideToshi: The One That Got Away for So ManyThe Final Thoughts
UK to Ban Borrowed Funds for Crypto Purchases
UK's FCA will ban retail investors from using borrowed money to buy crypto, aiming to reduce financial risk.FCA Cracks Down on Risky Crypto PracticesWhy the FCA Is Taking ActionWhat This Means for Crypto Investors
Trending news
MoreCrypto prices
More
