Trump Media’s fintech platform is taking shape with 6 new ‘America First’ investment funds that will invest in the ‘Patriot Economy’
On Thursday, the Trump Media & Technology Group (TMTG) announced it had registered six trademarks for exchange-traded funds and separately managed accounts on its newly announced investment platform Truth.Fi. The trademarks included:
- Truth.Fi Made in America ETF
- Truth.Fi Made in America SMA
- Truth.Fi U.S. Energy Independence ETF
- Truth.Fi U.S. Energy Independence SMA
- Truth.Fi Bitcoin Plus ETF
- Truth.Fi Bitcoin SMA
Truth.Fi does not yet have a confirmed launch date but TMTG said it expects it will be released in 2025. The company will invest up to $250 million in Truth.Fi, which will be custodied by Charles Schwab, according to the press release.
Yorkville mostly works with small and microcap companies that need bespoke funding solutions. TMTG and Yorkville had already inked a standby equity purchase agreement. That deal gives TMTG the right to direct Yorkville to buy up to $2.5 billion of company stock. In exchange, Yorkville gets the stock at a 97.25% discount to the share price.
Source: FORTUNE