Trump Media Looking To Collaborate With Crypto.Com For Issuance Of ETP

DJT stock has risen 9% in after-hours trading.

Key Points:

• Trump Media is teaming up with Crypto.com to introduce ETPs and ETFs.

• These investment products, utilizing Crypto.com's backend technology and custody solutions, are expected to launch in 2025.

• This collaboration is part of a broader trend of crypto initiatives supported by Trump and his family.

Trump Media (DJT) is planning a partnership with crypto exchange Crypto.com to introduce a series of exchange-traded products (ETPs) and funds (ETFs), the company announced Monday.

These ETPs will feature a mix of crypto assets and securities from various sectors, including the energy industry. Crypto.com will handle backend technology, custody solutions, and crypto supply.

The investment vehicles are set to launch in 2025, according to the press release.

Trump Media, the company behind Truth Social, is frequently used by Trump himself.

This partnership is part of a broader trend of crypto-related ventures backed by Trump and his family. They have previously released multiple NFT collections and memecoins, along with their DeFi protocol, World Liberty Financial (WLFI).

Following the announcement, DJT stock has risen more than 9% in after-hours trading.