In a bid to expand into the financial sector, Trump Media and Technology Corp Group (TMTG) signed a deal with crypto exchange Crypto.com and Yorkville Digital to create ETFs that will be a mix of traditional securities and digital assets.
Crypto.com is a Singapore-based crypto exchange that has ties to broker Foris LLC and Yorkville America Digital. Yorkville America Digital is an affiliate of Yorkville Advisors, an asset management firm based in New Jersey.
The funds will go live in late 2025, depending on regulatory approval. They will launch through Trump’s decentralized finance brand Truth.Fi and be accessible through Foris Capital, a broker of Crypto.com
“This agreement is a major step forward in diversifying TMTG into financial services and digital assets. We’re gratified to work with great partners, Crypto.com and Yorkville America Digital, and look forward to bringing ETFs to the market for investors who believe both the American economy and digital assets are poised for tremendous growth,” said TMTG’s CEO in a press release.
Trump Media and Technology Corp is a Trump-owned conglomerate that has interests in media, crypto, fintech, and other sectors. The Trump Organization stated that U.S. President Donald Trump’s $2.7 billion stake in Trump Media will be held in a trust managed by his children and that Trump would play no part in the day-to-day running of the company, as per a Reuters report.