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, 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.