Important points
- Trump Media plans to partner with Crypto.com to distribute new digital tokens to DJT shareholders.
- This distribution uses Crypto.com’s Cronos blockchain, with a focus on speed, scalability, and connectivity.
Trump Media and Technology Group on Wednesday announced plans to partner with Crypto.com to distribute new non-transferable digital tokens to shareholders. The move leverages Crypto.com’s Cronos blockchain for efficiency and interoperability.
Eligible shareholders will receive one token for each share they beneficially own, the companies said. Token holders will also have access to regular rewards that may include discounts and benefits related to Truth Social, Truth+, and other Trump Media services.
New digital tokens function primarily as access or reward vehicles rather than traditional financial assets. As previously stated, these do not represent ownership of Trump Media and cannot be exchanged for cash.
Trump Media reserves the right to modify or cancel the program and will provide further details.
“We look forward to leveraging Crypto.com’s blockchain technology, improving regulatory clarity, and conducting a first-of-its-kind token distribution to reward Trump Media shareholders and promote fair and transparent markets,” said CEO and Chairman Devin Nunes.
The token rollout is part of the Trump empire’s continued push to expand its footprint across financial and digital markets. The firm, along with Yorkville America, recently launched five Truth Social ETFs on the New York Stock Exchange focused on U.S. defense, innovation, iconic brands, energy security, and real estate in conservative-leaning states.
The companies plan to launch equity and digital asset-based products next year.