Trump Media and Know-how Group (DJT), the corporate behind Reality Social, stated Wednesday it plans to distribute a brand new digital token to shareholders by way of a cope with Crypto.com.
The token will probably be issued utilizing Crypto.com’s Cronos blockchain. Trump Media stated in a press launch that after this system launches, every shareholder would obtain one token for each complete share of DJT held.
Token holders may periodically obtain rewards all year long, together with potential advantages or reductions tied to Trump Media’s merchandise, equivalent to Reality Social, the Reality+ streaming service and Reality 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 business in 2025, stating in November that he desires the U.S. to turn into a “bitcoin superpower.”
“We sit up for using Crypto.com’s blockchain know-how 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 stated in a press release.
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 positive factors.
Trump Media stated extra particulars in regards to the token distribution are anticipated to be introduced within the new yr.
