Trump Media Technology Group plans to pass Truth within this year Fi brand launches a series of ETFs covering digital assets

According to Globenewswire, Trump Media Technology Group (DJT. O) has signed a binding agreement with cryptocurrency trading platform Crypto.com and asset management company Yorkville America Digital, planning to use Truth Fi brand launches a series of ETFs. This agreement was reached after a non binding agreement was signed by various companies in March of this year. Law firm Davis Polk& Wardwell LLP will provide consulting services for all parties involved in product development and launch. These ETFs will be offered through Crypto.com's broker dealer Foris Capital US LLC and are expected to include digital assets as well as securities with "Made in the USA" characteristics covering diversified industries such as energy. After obtaining regulatory approval, these funds are expected to be launched later this year and will be widely available in international markets including the United States, Europe, and Asia, covering existing platforms and brokers. These ETF plans will be aligned with a range of Truth Fi Independent Management Account (SMA) will be launched together. TMTG plans to invest in these ETFs and SMAs through its own cash reserves, as part of its financial services and fintech strategy, which will use up to $250 million in funds managed by Charles Schwab.