Before Donald Trump left the White House after his first term as president, he was declared persona non grata by the mainstream media. He was erased from most social media platforms, and News Corp Chairman Rupert Murdoch directed the staff at Fox to make him a “nonperson.”
History will show that the 45th president soldiered on, even starting his own media platform, Truth Social, to get his messages across. Under the direction of former California Rep. Devon Nunes, a key figure in exposing the Deep State that tried to bring down the now 47th president, Trump Media and Technology Group Corp. (TMTG) has been a juggernaut in the business world.
Its latest venture is a partnership with Crypto.com, America’s premier crypto trading platform, to launch a series of exchange-traded funds or ETFs, which will allow investors to buy shares in a number of different assets in a single product.
TMTG said the funds are expected to comprise digital assets as well as securities with a Made in America focus spanning diverse industries such as energy. They will be made available through the broker-dealer Foris Capital US, while Crypto.com will support the backend technology, provide custody, and supply the cryptocurrencies for the ETFs. They are anticipated to include a unique basket of cryptocurrencies incorporating Bitcoin, Cronos, and other crypto assets.
Planned to launch later this year subject to a definitive agreement and regulatory approval, the funds are expected to be widely available internationally including in the United States, Europe, and Asia, across existing platforms and brokerages.
“We’re excited to join Crypto.com, along with our partner Yorkville America, to launch America First investment products supporting innovative crypto ventures, great American companies, and cutting-edge technologies,” said Nunes, the CEO of Trump Media. “We aim to create inventive funds incorporating firms that concentrate on rapid growth, technological innovation, and strengthening the U.S. economy, unencumbered by woke nonsense and political posturing. Investors will finally have options that adhere to their principles and that support superior U.S. companies precisely focused on their core businesses.”
The ETFs are planned to launch alongside a slate of Truth.Fi Separately Managed Accounts (SMAs). The ETFs and SMAs, both of which TMTG is planning to invest in via its own cash reserves, are part of a TMTG financial services and FinTech strategy using up to $250 million to be custodied by Charles Schwab.
“The mission of TMTG is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back,” the company explained. “Truth Social was established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations.” They also operate Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. TMTG is also launching Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles.
Founded in 2016, Crypto.com has more than 140 million customers worldwide and is the industry leader in regulatory compliance, security, and privacy. Its trademarked motto is “Cryptocurrency in Every Wallet.”
President Trump has been an advocate of Cryptocurrency, recently signing an executive order establishing the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile.