Trump Media and Technology Group (DJT), the company behind Truth Social, announced plans on Wednesday to distribute a new digital token to shareholders in a deal with Crypto.com.
The token will be issued using Crypto.com’s Cronos blockchain. Trump Media said in a press release that once the program launches, each shareholder would receive one token for each whole share of DJT held.
Token holders may also receive rewards periodically throughout the year, including potential perks or discounts related to Trump Media products, such as Truth Social, the Truth+ streaming service, and Truth Predict, the company said.
US President Donald Trump is the majority owner of Trump Media and Technology and has spoken favorably towards the crypto industry in 2025, saying in November that he wants the US to become a “Bitcoin superpower”.
“We look forward to using Crypto.com’s blockchain technology and improving regulatory clarity to implement this first-of-its-kind token distribution, reward Trump Media shareholders, and promote fair and transparent markets,” CEO and President Devin Nunes said in a statement.
Shares of Trump Media rose in premarket trading, with DJT higher at $12.97, a gain of 3.18%. Crypto.com’s native token CRO initially jumped 3.8% after the announcement before giving back some of those gains.
Trump Media said additional details on token distribution are expected to be announced in the new year.
