In a momentous announcement earlier today, Crypto.com has announced the signing of a binding agreement with Trump Media and Technology Group Corp and Yorkville America Digital to launch a series of ETFs through the Truth.Fi brand.
The deal is a symbol of the budding strategic relationship being built by Crypto.com with the Trump Administration.
Everything We Know about the “Made in America” ETFs
The series of exchange-traded funds and exchange-traded products is reported to contain both digital assets including cryptocurrencies like Bitcoin and Cronos as well as securities with a Made in America focus from across diverse industries such as energy. A non-binding agreement announcing the same was signed in March.
Truth.Fi will not only launch the ETFs as part of its FinTech strategy, but also invest its own cash reserves.
While Crypto.com will support the backend technology, provide custody, and supply the cryptocurrencies, the ETFs will be made available through the exchange’s broker dealer Foris Capital US LL. Davis Polk & Wardwell LLP will advise the parties on the development of the ETFs.
Subject to regulatory approval, the ETFs are expected to hit the market by the end of the year, across US, Europe and Asia.
Basket of Assets Confirmed to Include $CRO
In a post on X, Kris Marszalek, the founder and CEO of Crypto.com confirmed that the Trump Media ETFs would include CRO among its mix:
The executive called the partnership a testament to Crypto.com’s ability to bridge crypto and traditional finance, adding that it marks “ a win for Trump Media, Crypto.com, CRO, and Yorkville America Digital.”
Being part of the America-First brand will not only increase mainstream exposure, provide visibility and political relevance for Cronos, but is also a step forward in Crypto.com’s strategy to invest heavily in the US markets to enable CRO revival.
Partners Speak:
Troy Rillo, CEO of Yorkville America Digital said: “This is an exciting moment and we anticipate substantial interest in the ETFs upon their launch later this year.”
Calling the partnership a major step towards diversifying TMTG into digital assets, TMTG CEO and Chairman Devin Nunes said that the company was “gratified to work with great partners, Crypto.com and Yorkville America Digital”
He added that the ETFs are being designed for investors who believe in the tremendous growth upcoming for digital assets and the US economy.
