Trump Media’s fintech arm will launch a string of ‘Made in America’ ETFs with Crypto.com

• Trump Group Media and Technology She announced that it has officially signed an agreement to start many investment funds circulated through its commercial brand, Truth.fi. ETFS will be available through Crypto.com broker agent and will invest in cryptocurrencies and the power sector, according to a press statement.

Trump.fi, the Trump and Technology Group (TMTG), has signed an official agreement with Crypto.com, one of the largest cryptocurrency platforms in the world, to launch many of the “America” ​​traded investment funds. The partnership and investment funds circulated last month were announced, but it became official on Tuesday.

TMTG, whose pioneering product is the Truth Social platform, outperforms financial services in January with truth service. The deal with Crypto.com represents the official entry of TMTG in the ETF market. TMTG has already signed an agreement with Charles Schwab to launch a series of managed accounts separately.

Over the past year, TMTG has taken great steps to expand its portfolio from digital companies that exceed Truth Social. Last year, the broadcast service, and this year, launched a prominent progress in the Fintech platform.

the truth. The idea is that many current financial institutions such as banks, brokerage and exchange companies are very liberal. To compete with current companies, companies such as TMTG are trying to create a set of their financial products.

The investment funds circulating in TMTG, called “Made in America”, will consist of digital assets and securities in industries such as energy, according to the company’s statement. ETFS will be sold by Crypto.com, foris Capital Us LLC.

One of the financial partners in TMTG, Yorkville Advisors also participates in the company’s financial services. Yorkville company will work as the asset manager for ETFS. Yorkville is also the registered investment advisor for the TMTG investment products provided via Charles Schwab.

TMTG and Yorkville Financial Affairs have been greatly formed. Last year, the two companies signed the purchase agreement of preparedness, a specific type of contract that allows the company to sell reduced shares to a bitten company. These types of agreements can be mutually useful because it offers a company like TMTG a guaranteed buyer in case of capital collection. At the same time, Yorkville can buy TMTG shares at a reduced price, as it paid only 97.25 % of the stock price, which you can sell in the open market at a full price.

In 2024, TMTG raised about $ 450 million in this financial arrangement, according to SEC files.

TMTG’s FORAY is in financial services, focusing on Crypto, the latest such project in the business portfolio of president Donald Trump. Trump, who occupies the largest contributor to TMTG with a negotiable confidence -controlled by his son Donald Trump Junior (also a member of the company’s board of directors), has in recent months in many of his cryptocurrencies. Shortly before his inauguration in January, Trump and his wife, First Lady Melania Trump, made the Mechens. The encrypted value in the value increased before the price decreased at the end. Through memecoin, Trump does not earn money based on the value of the currency, but also from trading fees where other investors buy and sell the coin. Trump also has a separate encoding project called World Liberty Financial allows users borrowing, lending and investing in encrypted currencies.

This story was originally shown on Fortune.com