Trump Media and Know-how Group (DJT), the corporate behind Fact Social, mentioned Wednesday it plans to distribute a brand new digital token to shareholders by way of a cope with Crypto.com.
The token will likely be issued utilizing Crypto.com’s Cronos blockchain. Trump Media mentioned in a press launch that when this system launches, every shareholder would obtain one token for each complete share of DJT held.
Token holders might also periodically obtain rewards all year long, together with potential advantages or reductions tied to Trump Media’s merchandise, comparable to Fact Social, the Fact+ streaming service and Fact Predict, the corporate mentioned.
U.S. president Donald Trump is almost all proprietor of Trump Media and Know-how and has spoken favorable in regards to the crypto business in 2025, stating in November that he desires the U.S. to turn into a “bitcoin superpower.”
“We stay up for using Crypto.com’s blockchain expertise and enhancing regulatory readability to implement this first-of-its-kind token distribution, reward Trump Media shareholders, and promote truthful and clear markets,” CEO and chairman Devin Nunes mentioned in an announcement.
Shares of Trump Media rose in pre-market buying and selling, with DJT as much as $12.97, a achieve of three.18%. Crypto.com’s native token, CRO, initially jumped 3.8% following the announcement earlier than giving again a few of these good points.
Trump Media mentioned further particulars in regards to the token distribution are anticipated to be introduced within the new yr.