U.S. President Donald Trump’s media company, Trump Media (DJT), is looking to partner with crypto exchange Crypto.com to launch a series of exchange-traded products (ETPs) and funds (ETFs), the company said Monday.
The ETPs will include crypto assets and securities from other sectors such as the energy industry, the announcement said. Crypto.com will provide the backend technology, custody solutions, and crypto supply.
The investment vehicles are expected to launch in 2025, the press release said.
Trump Media is the company behind Truth Social, the social media platform frequently used by Trump.
This is only the latest of crypto initiatives backed by the President or his family. Trump and his entourage have issued multiple NFT collections and memecoins, not to mention their DeFi protocol, World Liberty Financial (WLFI).
The DJT stock is up more than 9% after-hours since the announcement.