Trump Media and Technology Group Corp. DJT said Tuesday it was contemplating the launch of a utility token for users accessing its Truth Social ecosystem.

In a shareholder letter, TMTG outlined its key products and near-term roadmap, focusing on the Truth Social and Truth+ video streaming platforms.

Trump Media and Technology Group Corp (NASDAQ:DJT) is contemplating the launch of a utility token for users accessing its Truth Social ecosystem, according to a shareholder letter released on Tuesday.

The company, co-founded and majority-owned by former President Donald Trump, also provided an update on its key products and the near-term roadmap.

Focusing on the company's flagship products - the Truth Social and Truth+ video streaming platforms - Trump Media highlighted its efforts to integrate a tokenized economy within its ecosystem.

The company explained that it's developing a token within a Truth Digital wallet. Initially, this token could be used to pay for a Truth+ subscription, but later on, it's envisioned to unlock access to other products and services within the Trump Media ecosystem.

Trump Media did not immediately respond to Benzinga's request for comment on additional details about the proposed token.

Also Read: Bitcoin Is Steel, Ethereum And Solana Are Balsa Wood And Clay, Warns Michael Saylor

The company, which went public through a merger with blank-check company Digital World Acquisition Corp in December 2021, has been making headlines for its partnerships and ventures.

Recently, entities linked to Trump and his family have increasingly concentrated on a crypto-centric business portfolio. They've made a strategic move to invest in Bitcoin mining, following their involvement in decentralized finance with World Liberty Financial and the Official Trump TRUMP/USD meme coin.

Earlier this month, Trump Media announced a partnership with cryptocurrency exchange Crypto.com to introduce a series of exchange-traded funds, including ones tracking cryptocurrencies.

The company's shares fell slightly in after-hours trading on Tuesday after closing down 3.29%. The stock is down 26.74% year-to-date.

Trump Media and Technology Group Corp Class A shares were trading lower by 0.12% at $24.97 in the after-hours session on Tuesday following the shareholder letter.

The company's shares closed at $24.98 on Tuesday. The stock is down 26.74% year-to-date, according to Benzinga Pro data.

As of this writing, DJT stock appears to be valued at a low price tier—a factor that Benzinga integrates into a unique Edge Rankings score. This score is designed to highlight assets showing high momentum.