On Tuesday, April 22, Trump Media & Technology (NASDAQ: DJT) took another step toward becoming a cryptocurrency firm by entering a binding partnership with leading crypto exchange, Crypto.com, per the information shared with Finbold.
Specifically, the company, together with the streaming platform Truth+, and the FinTech brand Truth.Fi, signed a new agreement with Crypto.com and Yorkville America Digital, an asset management firm described as being ‘America First’ to facilitate the launch of digital assets exchange-traded funds (ETFs).
The parties to the binding deal all expressed their enthusiasm for the partnership. TMTG CEO and Chairman Devin Nunes revealed his firm is ‘gratified to work with great partners.’
Crypto.com’s Co-Founder and CEO, Kris Marszalek, said that the ‘partnership gives the Trump Media ETFs global distribution powered by the Crypto.com platform,’ and opined that the agreement is a ‘win’ for all the involved companies.
DJT and Crypto.com build on previous non-binding crypto ETF agreement
The binding partnership follows a non-binding agreement signed in March that also shares the same goal.
Interestingly, the original deal generated substantial optimism and enabled both DJT stock and Crypto.com’s Cronos (CRO) to defy the market headwinds that sent most other assets into the downturn.
The latest development is likely to have a similarly positive effect as the Security and Exchange Commission (SEC) is already tasked with reaching a decision on as many as 72 crypto ETFs in 2025, with additional filings appearing likely.
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