TMTG Eyes Crypto Expansion With Truth+ Token and Wallet

Trump Media & Technology Group (TMTG), the company behind the Truth Social platform, is considering launching a digital wallet and a utility token, according to a letter sent to shareholders by CEO Devin Nunes. The announcement comes ahead of the company’s upcoming general shareholders’ meeting.

According to the letter, the utility token would be part of a rewards program and could initially be used to pay for subscriptions to the Truth+ streaming platform. Over time, its use may be extended to other services within the broader Truth ecosystem.

The letter did not explicitly confirm blockchain integration or classify the token as a cryptocurrency. However, the language used reflects terminology commonly associated with the crypto sector.

TMTG became a publicly listed company in March 2024 and currently has a market capitalization of approximately $5.5 billion. Previously, the company announced the creation of its fintech division, Truth.fi, focused on investing in Bitcoin and other digital assets. TMTG has also disclosed plans to launch crypto ETFs in partnership with Crypto.com.

This new initiative could expand TMTG’s digital asset portfolio, adding to its growing involvement in the crypto space.