Trump Media & Technology Group (TMTG), Crypto.com, and Yorkville America Digital Launch Exchange-Traded Funds (ETFs) Focused on Digital Assets and American Industries

The funds aim to debut later this year, pending regulatory approval. They plan to distribute globally, capitalizing on the momentum of both the U.S. economy and the rapidly growing cryptocurrency sector.

Trump Media & Technology Group (TMTG), Crypto.com, and Yorkville America Digital have finalized a binding agreement to launch a series of exchange-traded funds (ETFs) focusing on digital assets and American industries. The funds are set to debut later this year, pending regulatory approval from the U.S. Securities and Exchange Commission.

The move will see the three entities’ units cooperate to develop and distribute the funds globally, aiming to capitalize on the momentum of both the U.S. economy and the rapidly growing cryptocurrency sector.

The funds will be offered through Crypto.com’s broker-dealer arm, Foris Capital US LLC. They are designed to blend digital assets such as Bitcoin and Crypto.com’s native Cronos (CRO) token with securities from key American sectors, including energy, manufacturing, and technology.

The agreement follows the announcement of the partnership in March, where the three organizations revealed their plans to develop investment products that combine the best of both worlds. The funds will plan to feature a unique basket of cryptocurrencies alongside stocks of U.S.-based companies.

The funds will target investors who want exposure to both the digital asset revolution and the resurgence of American industry and are seeking investment options that align with their values and support domestic innovation and growth.

The partnership leverages Crypto.com’s global reach and technological backbone, along with Yorkville America Digital’s “America-First” investment philosophy, to create products that connect traditional U.S. industries with the evolving digital asset sector.

“We are excited to finalize this partnership with Trump Media and Technology Group and Crypto.com to launch a series of innovative ETFs that will support American jobs, industries, and investors,” said Charles Grant, CEO of Yorkville America Digital.

“We are committed to developing investment products that align with the shared values of our partners and the broader community.”

The partnership will see the three entities apply for the necessary regulatory approvals and aim to have the ETFs launched by the fourth quarter of 2023. The funds will be accessible via the Crypto.com app and on current brokerage platforms in Europe, Asia, and the US.

The deal also includes plans to roll out a slate of Truth.Fi Separately Managed Accounts (SMAs) alongside the ETFs. TMTG commits up to $250 million of its cash reserves to invest in these products, with assets to be held in the custody of Charles Schwab.