Trump Media and Technology Group (DJT), the company behind Truth Social, said on Wednesday that it plans to distribute a new digital token to shareholders through a deal with Crypto.com.
The token will be issued using Crypto.com’s Cronos blockchain. Trump Media said in a press release that once the program launches, each shareholder would receive one token for each total DJT share they own.
Token holders can also receive rewards periodically throughout the year, including potential perks or discounts tied to Trump Media products such as Truth Social, the Truth+ streaming service and Truth Predict, the company said.
US President Donald Trump is the majority owner of Trump Media and Technology and has spoken favorably about the cryptocurrency industry in 2025, stating in November that he wants the United States to become a “bitcoin superpower.”
“We look forward to using Crypto.com’s blockchain technology and improving regulatory clarity to implement this first-of-its-kind token distribution, reward Trump Media shareholders, and promote fair and transparent markets,” CEO and President Devin Nunes said in a statement.
Trump Media shares rose in premarket trading, with DJT rising to $12.97, a gain of 3.18%. Crypto.com’s native token, CRO, initially jumped 3.8% following the announcement before giving back some of those gains.
Trump Media said additional details regarding token distribution are expected to be announced in the new year.
