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Trump Media Group Plans to Launch TruthPlus Token, DeFi Platform, and Digital Wallet
Trump Media & Technology Group (the company behind Truth Social) is now set to deeply engage in the cryptocurrency space, with the support of former President Donald Trump.
On April 29, Truth Social's CEO Devin Nunes revealed that they are developing a utility token and digital wallet to facilitate transactions on their streaming platform Truth+. This token will not only be used to pay for Truth+ subscriptions but may also be utilized for other services within the Truth ecosystem.
Nunes also mentioned that this token would operate within the Truth brand's digital wallet, allowing users to conveniently manage payments for the company's digital products. This is part of a larger plan by Trump Media to create an independent, blockchain-integrated platform.
In addition to the crypto wallet and token, Truth Social is also launching a financial services division called Truth.Fi. This new company aims to provide fintech solutions aligned with conservative values, targeting millions of like-minded investors in the U.S. and globally.
Nunes stated that they want to serve investors who believe in the American economy, wish to invest in good companies, and do not want to be troubled by “woke” investment funds and politically motivated de-banking issues.
As a first step, Truth.Fi plans to launch customized Separately Managed Accounts (SMAs) and Exchange-Traded Funds (ETFs). By combining traditional stock and digital asset operating models, they are committed to promoting an “America First” investment strategy.
Currently, they are collaborating with Index Technologies Group and Yorkville America Equities to develop SMA products, while Crypto.com and Yorkville America Digital will also support the development of ETF products. These financial instruments are expected to be launched by the end of this year.
Meanwhile, Trump Media is also preparing to allocate up to $250 million in cash reserves to invest in these fintech companies. This investment will also include direct holdings of Bitcoin and other similar cryptocurrency assets, which will be custodied by Charles Schwab.
Do you think the Truth+ token and digital wallet issued by Truth Social will be well received in the market?
#特朗普媒体 #加密货币 #金融科技
Trump Media & Technology Group (the company behind Truth Social) is now set to deeply engage in the cryptocurrency space, with the support of former President Donald Trump.
On April 29, Truth Social's CEO Devin Nunes revealed that they are developing a utility token and digital wallet to facilitate transactions on their streaming platform Truth+. This token will not only be used to pay for Truth+ subscriptions but may also be utilized for other services within the Truth ecosystem.
Nunes also mentioned that this token would operate within the Truth brand's digital wallet, allowing users to conveniently manage payments for the company's digital products. This is part of a larger plan by Trump Media to create an independent, blockchain-integrated platform.
In addition to the crypto wallet and token, Truth Social is also launching a financial services division called Truth.Fi. This new company aims to provide fintech solutions aligned with conservative values, targeting millions of like-minded investors in the U.S. and globally.
Nunes stated that they want to serve investors who believe in the American economy, wish to invest in good companies, and do not want to be troubled by “woke” investment funds and politically motivated de-banking issues.
As a first step, Truth.Fi plans to launch customized Separately Managed Accounts (SMAs) and Exchange-Traded Funds (ETFs). By combining traditional stock and digital asset operating models, they are committed to promoting an “America First” investment strategy.
Currently, they are collaborating with Index Technologies Group and Yorkville America Equities to develop SMA products, while Crypto.com and Yorkville America Digital will also support the development of ETF products. These financial instruments are expected to be launched by the end of this year.
Meanwhile, Trump Media is also preparing to allocate up to $250 million in cash reserves to invest in these fintech companies. This investment will also include direct holdings of Bitcoin and other similar cryptocurrency assets, which will be custodied by Charles Schwab.
Do you think the Truth+ token and digital wallet issued by Truth Social will be well received in the market?
#特朗普媒体 #加密货币 #金融科技
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