Trump Media and Crypto.com have announced their collaboration aimed at merging social media with cryptocurrency innovations.
CRO Integration & Wallet Infrastructure
Under the partnership, Truth Social and Truth+ will introduce a revamped rewards system using Crypto.com’s digital wallet infrastructure. Users will be able to convert earned ‘gems’ into Cronos (CRO) tokens, which can be used to pay for subscriptions or services on the platforms. Additionally, free or discounted access to Truth+ may be offered to those who open a Crypto.com account.
Cross-Investment & Custody Support
Trump Media will acquire approximately $105 million worth of CRO (~685.4 million tokens), accounting for about 2% of the total CRO market cap. Meanwhile, Crypto.com will invest $50 million in Trump Media's common stock. These investments will have lock-up periods. Trump Media’s CRO holdings will be secured via Crypto.com Custody, enabling staking and additional revenue generation.
New Treasury Entity via SPAC Merger
The companies are jointly launching a new entity—Trump Media Group CRO Strategy, Inc.—through a definitive business combination with SPAC Yorkville Acquisition Corp. This entity will function as a digital asset treasury firm focused on acquiring CRO.
The partnership between Trump Media and Crypto.com represents a significant step in merging social media and cryptocurrency technologies, potentially impacting both industries.
