US President Donald Trump's media company Trump Media and Technology Group Corp., the parent company of Truth Social, announced on Monday a partnership with Crypto.com to launch a series of ETFs and ETPs comprised of "digital assets as well as securities with a Made in America focus spanning diverse industries such as energy."
The firm said it "signed a non-binding agreement to partner with Crypto.com ... to launch a series of ETFs and ETPs through the Truth.Fi brand." Further, Crypto.com will provide the technology infrastructure, custody services, and cryptocurrencies for the products.
The funds, which will include Bitcoin, Cronos and other crypto assets, expected to be available internationally through the Crypto.com app once released, are set to launch later this year, pending regulatory approval.
