Trump Media Finalizes Deal to Launch Multiple ‘Made-in-America’ Crypto ETFs, Will XRP Be Included?
The post Trump Media Finalizes Deal to Launch Multiple ‘Made-in-America’ Crypto ETFs, Will XRP Be Included? appeared on BitcoinEthereumNews.com.
President Donald Trump’s media company finalizes its deal with Crypto.com and Yorkville America Digital to launch several crypto ETFs. The partners have decided to move from a non-binding agreement memorandum announced in March to a binding agreement for the launch of several ETFs under Trump Media’s fintech arm, Truth. Fi. Emphasis on Made-in-America Assets According to the press release, the ETFs will focus on ‘Made in America’ cryptos and securities across diverse sectors. Crypto.com’s broker-dealer arm, Foris Capital, will roll out these financial products later this year, pending regulatory approval. Once launched, the products will be made available across international trading platforms in the United States, Europe, and Asia. Per the announcement, leading American multinational law firm Davis Polk & Wardwell LLP will provide legal guidance to the partners. In addition to the ETFs, Truth Media will launch a series of Truth. Fi Separately Managed Accounts (SMAs). To support these financial products, Trum Media will invest up to $250 million of its cash reserves in the ETFs and SMAs. Notably, Charles Schwab will serve as the custodian. Partners’ Execs React Devin Nunes, Trump Media’s CEO and Chairman, said the partnership is a major step toward expanding the company’s operations into digital assets. He expressed excitement about the partnership and looked forward to launching the Truth. Fi ETFs for investors who believe in the American economy. Crypto.com CEO Kris Marszalek said the partnership underscores the exchange’s capabilities in bridging traditional finance and crypto. Marszalek claims the collaboration is a win for Trump Media, indicating that it will leverage Crypto.com’s platform to distribute its ETFs globally. Yorkville’s CEO, Troy Rillo, characterized the partnership as a significant step toward introducing new financial products that align with the company’s America-First vision. “This is an exciting moment, and we anticipate substantial interest in the ETFs…
Filed under: News - @ April 22, 2025 8:23 pm