Trump Media To Launch Utility Token and $250M ETF Push

Trump Media and Technology Group, the parent company of Truth Social and Truth Plus, is venturing into cryptocurrency with plans to introduce a utility token. CEO Devin Nunes outlined the strategy in a letter to shareholders, marking the company’s first year as a public entity. The token will be integrated into a dedicated Truth digital wallet, initially targeting subscription payments and potential broader use within the ’Truth ecosphere.’

The move signals a deeper foray into digital assets, aligning with growing institutional interest in blockchain-based solutions. No specific cryptocurrencies or exchanges were directly mentioned in the announcement, but the initiative underscores the accelerating convergence of social media platforms and crypto ecosystems.