Trump Media and Know-how Group (DJT), the corporate behind Fact Social, stated Wednesday it plans to distribute a brand new digital token to shareholders by means of a take care of Crypto.com.
The token might be issued utilizing Crypto.com’s Cronos blockchain. Trump Media stated in a press release that after this system launches, every shareholder would obtain one token for each entire 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, reminiscent of Fact Social, the Fact+ streaming service and Fact Predict, the corporate stated.
U.S. president Donald Trump is almost all proprietor of Trump Media and Know-how and has spoken favorable in regards to the crypto trade in 2025, stating in November that he needs the U.S. to change into a “bitcoin superpower.”
“We stay up for using Crypto.com’s blockchain know-how and bettering regulatory readability to implement this first-of-its-kind token distribution, reward Trump Media shareholders, and promote honest and clear markets,” CEO and chairman Devin Nunes stated 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 features.
Trump Media stated extra particulars in regards to the token distribution are anticipated to be introduced within the new yr.
