Trump Media and Technology Group (TMTG) plans to launch Exchange Traded Funds and Separate Managed Accounts (SMA) under the brand "Truth.Fi".
Trump Media and Technology Group (TMTG) – the company operating technology projects associated with former President Donald Trump – recently announced on Tuesday about plans to expand into investment management by launching a series of Exchange Traded Funds (ETFs) and Separate Managed Accounts (SMAs) under the new brand "Truth.Fi".
Expanding the "Truth" Ecosystem
This new investment project will supplement TMTG's digital product ecosystem, which already includes the Truth Social social media platform and Truth+ online video platform. According to the press release, TMTG aims to "End Big Tech's control over freedom of speech by expanding the Internet and giving voice back to the people."
To realize this plan, TMTG will collaborate with Crypto.com – a global cryptocurrency financial services provider – and Yorkville America Digital – a Florida-based asset management company. The deployment of these investment products is still awaiting regulatory approval, but TMTG expects to receive approval "this year."
Although the official press release was just published, Newsweek had previously reported on this plan, revealing that the Trump family's investment products would be "non-woke" branded. In the current release, these products are described as "Made in America".
The ETFs, expected to be distributed through Foris Capital U.S. LLC – part of Crypto.com, will include both digital assets and securities, focusing on products and businesses with a "Made in America" identity, spanning multiple sectors, including energy.
