Trump Media will cooperate with the exchange Crypto.com

Trump Media has entered into a non-binding partnership agreement with the bitcoin exchange Crypto.com. This was reported by the company's press service.

The platforms will work together to launch a series of exchange-traded funds (ETFs) under the Truth.Fi brand. Initially, the ETFs will include digital assets and securities of American companies from various industries, including energy. The Crypto.com exchange will provide backend technology, act as custodian, and supply digital assets for the product basket.

In case of a final agreement and regulatory approval, the funds could be operational by late 2025, becoming available in the USA, Europe, and Asia. Trump Media will not only invest in the ETFs but also put money into individually managed Truth.Fi accounts.

Recall that a few hours after the inauguration of U.S. President Donald Trump, holders of TRUMP and MELANIA meme tokens suffered heavy losses.