Trump Media Technology Group, Crypto.com, and Yorkville America Digital finalize ETF issuance agreement

ChainCatcher news, according to Globenewswire, the Trump Media Technology Group (DJT.O) has signed a binding agreement with the cryptocurrency trading platform Crypto.com and the asset management company Yorkville America Digital to launch a series of ETFs under the Truth.Fi brand.

This agreement was reached following a non-binding agreement signed by the companies in March of this year. The law firm Davis Polk & Wardwell LLP will provide consulting services to the parties regarding product development and launch. These ETFs will be offered through Crypto.com's brokerage subsidiary Foris Capital US LLC and are expected to include digital assets as well as securities from diversified industries, including energy, featuring "Made in America." Following regulatory approval, these funds are expected to launch later this year and will be widely available in international markets, including the U.S., Europe, and Asia, covering existing platforms and brokers.

These ETFs are planned to be launched alongside a series of Truth.Fi separately managed accounts (SMA). TMTG plans to invest in these ETFs and SMAs using its own cash reserves, which is part of TMTG's financial services and fintech strategy, utilizing up to $250 million in funds, to be custodied by Charles Schwab.