According to a statement on March 24, Trump Media announced that Trump Technology Group Corp (TMTG) — the entity operating the Truth Social social media platform and the Truth.Fi financial technology brand — will also be part of the agreement, subject to regulatory approval.
The parties plan to launch the ETFs later this year through Crypto.com’s brokerage arm, Foris Capital US LLC. These ETFs will include digital assets and securities with a focus on “Made in the USA.”
Crypto.com will provide infrastructure and custodial services to support the cryptocurrency offerings for the ETFs, which may include a basket of tokens such as Bitcoin, Ether, Solana, XRP, and Cronos.
These ETFs are expected to be widely distributed globally, including in the United States, Europe, and Asia, through existing brokerage platforms.
Kris Marszalek, co-founder and CEO of Crypto.com, said, “Upon launch, these ETFs will be available on the Crypto.com app for over 140 million users worldwide.”
The ETFs will be launched alongside the managed accounts (SMA) listing of Truth.Fi, which TMTG also plans to invest in with its cash reserves.
The potential ETF launch will mark another cryptocurrency-related effort involving President Donald Trump.
However, some Democratic lawmakers have criticized the conflict of interest between Trump’s presidential duties and the ownership of the World Liberty Financial cryptocurrency platform by Trump Organization, as well as the launch of Trump’s official memecoin (TRUMP) just three days before he took office.
House Representative Gerald Connolly recently criticized the TRUMP token, calling it a “money-making gimmick” that allowed entities linked to Trump to earn over $100 million in transaction fees.
Congresswoman Maxine Waters also condemned Trump’s memecoin on January 20, describing it as a scam representing “the worst of cryptocurrency.”
