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Trump Media & Technology Group plans to launch a series of ETFs under the Truth.Fi brand within the year, covering digital assets.
The Trump Media & Technology Group plans to launch a series of ETFs under the Truth.Fi brand within the year, covering digital assets. Trump Media & Technology Group ( DJT.O ) has signed a binding protocol with CEX and asset management company Yorkville America Digital, planning to launch a series of ETFs through the Truth.Fi brand. These ETFs will be provided through CEX's brokerage firm Foris Capital US LLC and are expected to include digital assets as well as securities that feature 'Made in America' characteristics, covering diversified industries such as energy. After obtaining regulatory approval, these funds are expected to be launched later this year and will be widely available in international markets, including the US, Europe, and Asia, covering existing platforms and brokers. These ETF plans will be launched alongside a series of Truth.Fi independently managed accounts (SMA). TMTG plans to invest in these ETFs and SMAs using its own cash reserves, which is part of TMTG's financial services and fintech strategy, utilizing up to $250 million in funds, to be custodied by Charles Schwab.