The media company of the US President Donald Trump, Trump Media (DJT), seeks to associate with Crypto Exchange Crypto.com to launch a series of products quoted on the stock market (ETPs) and funds (ETF), the company said on Monday.
The ETP will include cryptographic assets and values of other sectors such as the energy industry, according to the announcement. Crypto.com will provide backend technology, custody solutions and Crypto’s supply.
Investment vehicles are expected to be launched in 2025, according to the press release.
Trump Media is the company behind Truth Social, the social networks platform often used by Trump.
This is only the last of the cryptographic initiatives backed by the president or his family. Trump and his entourage have issued multiple collections and memecoras NFT, not to mention their Defi protocol, World Liberty Financial (WLFI).
DJT shares rose more than 9% after schedule from the ad.
