Crypto
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- Trump Media & Technology Group (TMTG) has applied to register trademarks for six new investment products under the Truth.Fi brand
- The proposed offerings include exchange-traded funds (ETFs) and separately managed accounts (SMAs) focusing on American manufacturing, energy independence, and Bitcoin
- TMTG has partnered with Charles Schwab and Yorkville Advisors to develop and manage these financial products
Trump Media & Technology Group (TMTG), the operator of Truth Social and Truth+, has announced plans to expand into financial services with the launch of the Truth.Fi brand. The company has applied to register trademarks for six investment products, including ETFs and SMAs, targeting sectors such as American manufacturing, energy independence, and Bitcoin. To facilitate this initiative, TMTG has partnered with Charles Schwab and Yorkville Advisors.
Crypto $250 Million Investment
TMTG’s move into the financial sector marks a significant diversification from its existing social media and streaming platforms. The company plans to invest up to $250 million, custodied by Charles Schwab, to develop these customized investment vehicles. The proposed products include:
- Truth.Fi Made in America ETF
- Truth.Fi Made in America SMA
- Truth.Fi U.S. Energy Independence ETF
- Truth.Fi U.S. Energy Independence SMA
- Truth.Fi Bitcoin Plus ETF
- Truth.Fi Bitcoin Plus SMA
These offerings aim to provide investors with opportunities to support American industries and the cryptocurrency market.
Crypto Truth.Fi Enters Strategic Partnerships
To bring its products to market, TMTG has entered into agreements with Charles Schwab and Yorkville Advisors. Charles Schwab will partner with TMTG to develop the SMAs, while Yorkville Advisors will act as the Registered Investment Advisor for the new financial vehicles, guiding them through the regulatory process. Mark Angelo, President of Yorkville, expressed enthusiasm about the collaboration, stating, “Yorkville is pleased to take this next important step with TMTG in its development of America First investment vehicles.”
Devin Nunes, CEO and Chairman of TMTG, highlighted the company’s objectives:
We aim to give investors a means to invest in American energy, manufacturing, and other firms that provide a competitive alternative to the woke funds and debanking problems that you find throughout the market.
Nunes also noted that the company is exploring various strategies, including those related to Bitcoin, to differentiate its products. Cynics would suggest that Trump is getting
