Trump Media Eyes Crypto.com Partnership for ETP and ETF Offerings
DJT stock surged 9% in after-hours trading.
Trump Media (DJT), the media company founded by U.S. President Donald Trump, is exploring a partnership with crypto exchange Crypto.com to launch a range of exchange-traded products (ETPs) and funds (ETFs), the company announced Monday.
The proposed investment products will feature a mix of crypto assets and securities from various sectors, including the energy industry. Crypto.com is set to handle backend technology, custody solutions, and crypto liquidity for the initiative.
According to the announcement, the new financial products are expected to debut in 2025.
Trump Media operates Truth Social, the social media platform often used by Trump.
This move is the latest in a series of crypto-related ventures linked to the President and his family. Trump and his associates have previously launched multiple NFT collections, memecoins, and even a DeFi protocol called World Liberty Financial (WLFI).
Following the news, DJT stock climbed over 9% in after-hours trading.
