Trump Media and Technology Group ($DJT) announced a strategic partnership with Crypto.com to integrate the Cronos (CRO) digital token into its Truth Social and Truth+ platforms. The agreement includes mutual cooperation on a rewards system and reciprocal investments totaling $155 million.
- Trump Media will adopt CRO as a utility token for its Truth Social and Truth+ platforms.
- Crypto.com will provide digital wallet infrastructure supporting a new rewards system.
- Users will be able to convert platform "gems" into CRO and pay for subscriptions using CRO balances.
- Trump Media will purchase ~$105 million in CRO (~685M tokens), representing ~2% of the CRO market cap.
- Crypto.com will invest $50 million in Trump Media common stock, subject to a lockup period.
- Both companies will co-market Truth+ and Crypto.com wallet services.
- Trump Media will custody and stake its CRO holdings through Crypto.com Custody.
Relevant Companies
- DJT - Trump Media shares will see direct capital infusion and CRO integration into its platforms.
- YORK - Yorkville Acquisition Corp. is part of a related CRO-focused SPAC deal with Trump Media.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
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