Truth Media's crypto initiative includes new ETFs and a digital wallet as part of an ambitious blockchain integration strategy.
Trump Media and Technology Group, the company behind Truth Social and backed by the President of the United States, Donald Trump, is preparing to deepen its involvement in the crypto space.
Trump Media's CEO, Devin Nunes, revealed that the company is considering working on a utility token and a digital wallet to support transactions within its video streaming platform, Truth+.
According to him, the utility token would be a payment method for subscriptions to Truth+, and its use could extend to other services within the broader Truth ecosystem over time.
Nunes explained that the token would operate within a branded Truth digital wallet, allowing users to manage payments seamlessly across the company's digital products.
This move is part of Trump Media's broader strategy to create a self-sufficient and integrated platform with blockchain.