Trump Media Plans Utility Token Launch and $250M ETF Push
Trump Media and Technology Group, parent company of Truth Social, is venturing into crypto with a planned utility token. The token will debut in a dedicated Truth digital wallet, initially facilitating Truth Plus subscription payments before expanding to other platform services.
CEO Devin Nunes outlined the strategy in a shareholder letter marking the company’s first year as a public entity. The move signals growing institutional interest in blockchain integration, though the announcement notably avoids mention of existing cryptocurrencies or exchanges.