U.S. President Donald Trump’s media firm, Trump Media (DJT), is seeking to associate with crypto trade Crypto.com to launch a sequence of exchange-traded merchandise (ETPs) and funds (ETFs), the corporate mentioned Monday.
The ETPs will embrace crypto property and securities from different sectors such because the vitality trade, the announcement mentioned. Crypto.com will present the backend know-how, custody options, and crypto provide.
The funding automobiles are anticipated to launch in 2025, the press launch mentioned.
Trump Media is the corporate behind Fact Social, the social media platform ceaselessly utilized by Trump.
That is solely the most recent of crypto initiatives backed by the President or his household. Trump and his entourage have issued a number of NFT collections and memecoins, to not point out their DeFi protocol, World Liberty Monetary (WLFI).
The DJT inventory is up greater than 9% after-hours because the announcement.
