Crypto.com Partners with Trump Media for ETFs; Secures In-Principle MiCA License
Crypto.com has partnered with Trump Media & Technology Group (TMTG) and Yorkville America to support a series of TMTG-branded exchange-traded funds (ETFs). These ETFs will include both digital and traditional assets, wit...
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Crypto.com has partnered with Trump Media & Technology Group (TMTG) and Yorkville America to support a series of TMTG-branded exchange-traded funds (ETFs). These ETFs will include both digital and traditional assets, with one ETF incorporating a basket of cryptocurrencies, including Crypto.com’s CRO token.
Separately, Crypto.com has secured an in-principle Markets in Crypto-Assets (MiCA) license from the Malta Financial Services Authority (MFSA). Full regulatory approval will allow the company to expand its crypto services across the EU under a unified framework, aiming to improve industry transparency.
Trump Media ETFs Backed by Crypto.com
“We are proud to partner with Trump Media and Yorkville America, and to support the launch of these new ETFs, including the first of its kind basket of tokens including CRO,” said Kris Marszalek, Co-Founder and CEO of Crypto.com.
Crypto.com will provide the backend technology and custody services through its U.S. trust company, Crypto.com Custody Trust Company. The company will also supply all cryptocurrency for these ETFs. Investors will be able to purchase the funds through Foris Capital US LLC, Crypto.com’s broker-dealer.
TMTG ETFs Pending SEC Regulatory Approval
Truth Social, TMTG’s social media platform, plans to file the necessary paperwork with the US Securities and Exchange Commission (SEC). The ETFs will be available to Crypto.com users in eligible jurisdictions once approved.
“These ETFs give consumers more options from a brand with a loyal following. Once launched, these ETFs will be available on the Crypto.com App for our more than 140 million users around the world,” Marszalek added.
Tawasal Integration Brings Crypto.com to UAE
Following its progress with the MiCA license, Crypto.com has also expanded its regional presence in the UAE. The company has partnered with Tawasal Al Khaleej, a leading AI and technology firm, to integrate its platform with Tawasal’s network and Superapp.
This collaboration will provide nearly four million users with direct access to crypto trading and services, as reported by Finance Magnates.
The rollout will occur in two phases. Initially, Tawasal Al Khaleej will promote Crypto.com’s platform to its local and Middle Eastern partners, strengthening the exchange’s position in the region. The second phase will integrate Crypto.com’s services into the Tawasal Superapp, expanding access to cryptocurrency trading.
This article was written by Tareq Sikder at www.financemagnates.com.Why this matters
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