Crypto.com announced a major partnership with Trump Media & Technology Group (TMTG) to launch exchange-traded funds (ETFs) through TMTG's Truth.Fi brand. The non-binding agreement marks a notable expansion into traditional financial products for both companies.
The planned ETFs will include digital assets and securities with an emphasis on "Made in America" investments across various sectors. Crypto.com will provide the technical infrastructure, custody services, and cryptocurrency assets including Bitcoin and Cronos for the funds.
The ETFs will be available through Crypto.com's broker-dealer subsidiary Foris Capital and are expected to launch later this year, pending regulatory approval. The companies plan to offer the funds internationally across the US, European, and Asian markets.
"Once launched, these ETFs will be available on the Crypto.com App for our more than 140 million users around the world," said Crypto.com CEO Kris Marszalek.
The partnership represents Truth.Fi's first major development since its launch in January 2024. TMTG, which operates the Truth Social platform, had previously authorized investing up to $250 million of its cash reserves into various investment vehicles including ETFs and separately managed accounts.
Specific products in development include the Truth.Fi Bitcoin Plus ETF, Truth.Fi Made in America ETF, and Truth.Fi U.S. Energy Independence ETF, for which trademark applications have been filed.
TMTG shares rose 10.5% in after-hours trading following the announcement, though the stock remains down approximately 38% over the past year.