Trump Media and Technology Crew (DJT), the company in the help of Reality Social, acknowledged Wednesday it plans to distribute a new digital token to shareholders by a address Crypto.com.
The token will likely be issued the use of Crypto.com’s Cronos blockchain. Trump Media acknowledged in an announcement that after the program launches, every shareholder would receive one token for every total portion of DJT held.
Token holders can also additionally periodically receive rewards for the period of the year, along with doable benefits or discounts tied to Trump Media’s merchandise, resembling Reality Social, the Reality+ streaming carrier and Reality Predict, the company acknowledged.
U.S. president Donald Trump is virtually all owner of Trump Media and Technology and has spoken favorable in regards to the crypto industry in 2025, pointing out in November that he wants the U.S. to become a “bitcoin superpower.”
“We take a seat up for the use of Crypto.com’s blockchain technology and bettering regulatory clarity to place in pressure this first-of-its-kind token distribution, reward Trump Media shareholders, and promote comely and transparent markets,” CEO and chairman Devin Nunes acknowledged in a assertion.
Shares of Trump Media rose in pre-market trading, with DJT as a lot as $12.97, a create of 3.18%. Crypto.com’s native token, CRO, at the muse jumped 3.8% following the announcement sooner than giving help some of those gains.
Trump Media acknowledged extra minute print in regards to the token distribution are expected to be equipped in the brand new year.
