According to Foresight News and Blockworks, Trump Media Technology Group (TMTG) announced a strategic partnership with Crypto.com through a parallel collaboration and purchase agreement. As part of the deal, Trump Media will adopt Crypto.com's wallet system to support an updated in-app rewards program. Users can redeem earned gems for Cronos (CRO), a token tied to Crypto.com, and use their CRO balance to pay for subscriptions. Opening a Crypto.com account also includes a free or discounted subscription to Truth+.
Trump Media subscribed to approximately $105 million worth of CRO, equivalent to approximately 685 million tokens, which will be held in escrow and staked through Crypto.com. In return, Crypto.com invested $50 million in Trump Media common stock. Both positions are subject to lock-up periods.
