 |
| Trump Media & Technology Group and Crypto.com |
Sarasota, FL – In a landmark move, Trump Media & Technology Group Corp. (DJT), the parent company of Truth Social and Truth+, has announced the closure of its purchase agreement with Crypto.com.1 This deal marks a significant step in Trump Media’s expansion into the financial technology sector, as it strategically aligns with a major player in the cryptocurrency space.
This deal is not just a simple asset acquisition; it’s a strategic partnership designed to drive value and utility for both companies.Trump Media will use Crypto.com’s institutional-grade custody service to secure its CRO tokens and stake them for revenue generation.7
A Pioneering Rewards System 💰
The collaboration includes a mutual cooperation agreement to integrate the CRO token and Crypto.com’s digital wallet infrastructure into Trump Media’s platforms. This will pave the way for a pioneering rewards system on Truth Social and Truth+. This system will allow users to convert “gems,” earned through platform activities, into CRO and other benefits.
A New Digital Asset Treasury Company
This partnership is a key component of a broader strategy, which includes the formation of a new entity, Trump Media Group CRO Strategy, Inc. This new company has entered into an agreement with Yorkville Acquisition Corp. (YORK) to become a publicly traded digital asset treasury company focused on acquiring and holding CRO. This venture is expected to acquire an additional 19% of the CRO circulating supply, aiming to become a major holder of the token.