CryptoTrump Media to roll out utility token tied to...

Trump Media to roll out utility token tied to platform expansion

-


Key Takeaways

  • Trump Media is launching a utility token for Truth Social and Truth+ services.
  • TMTG will introduce new features for Truth Social tied to Truth+ subscriptions and plans to expand into Canada and Mexico.

Share this article

Trump Media announced plans today to launch a utility token alongside a new Truth digital wallet, according to a shareholder letter ahead of its 2025 annual meeting.

The token will serve as a payment method for Truth+ subscriptions, with future applications planned across the Truth ecosystem.

To support this effort, the Truth wallet and token will be integrated into Truth Social and Truth+, aimed at creating new revenue streams.

In addition, the company will introduce premium Truth Social features tied to Truth+ memberships, including verification badges, edit functionality, scheduled posts, expanded character counts, and longer video uploads.

The letter also highlighted TMTG’s expansion of Truth+, its TV streaming service, into Canada and Mexico, while exploring advertising and premium content subscriptions.

Beyond media, the company is also launching Truth.Fi, a financial services division offering America-First separately managed accounts and ETFs through partnerships with Index Technologies Group, Yorkville America Equities, and Crypto.com.

To fund these initiatives, the company plans to invest up to $250 million from its $777 million cash reserves, including investments in Bitcoin and crypto-related securities.

At the same time, TMTG will continue pursuing mergers and acquisitions while addressing alleged naked short selling of its DJT stock and ongoing litigation against media outlets.

TMTG confirmed its planned reincorporation in Florida, citing the state’s pro-business environment as supporting its growth strategy.

Share this article



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Pi Network Price Rebounds, Sparking Optimism Among Crypto Traders

The Pi Network price just bounced back 28%—enough to put it back on the radar. After a rough drop,...

Sarah Tavel, Benchmark’s first woman GP, transitions to venture partner

Eight years after joining Benchmark as the firm’s first woman general partner, Sarah Tavel announced on X that...

Green Bitcoin? Over 52% of Mining Now Uses Sustainable Energy

The latest Cambridge Centre for Alternative Finance report confirms the United States and Canada dominate global bitcoin mining,...

FTX Sues NFT Stars and Delysium Over Undelivered Tokens

FTX has initiated legal proceedings against NFT Stars Limited and Delysium, seeking to recover digital assets allegedly withheld...

Advertisement

Ripple CEO Eyes SWIFT’s Share—How High Can XRP Price Go?

Ripple CEO Brad Garlinghouse highlighted the potential to revolutionize the cross-border payments market, valued at hundreds of trillions...

Must read

Pi Network Price Rebounds, Sparking Optimism Among Crypto Traders

The Pi Network price just bounced back 28%—enough...

Sarah Tavel, Benchmark’s first woman GP, transitions to venture partner

Eight years after joining Benchmark as the firm’s...

You might also likeRELATED
Recommended to you