Trump Media to Distribute Digital Tokens to DJT Shareholders via Crypto.com Blockchain
Trump Media and Technology Group, majority owned by Donald Trump, announced plans to issue a new digital token to its DJT shareholders. The tokens will be distributed on a one-for-one basis, with one token issued per whole DJT share upon launch.
The distribution will be executed through a partnership with Crypto.com, utilizing Crypto.com’s Cronos blockchain. Details of the token issuance and how it will function are expected to be provided in the new year. CEO and chairman Devin Nunes stated that the company will leverage Crypto.com’s technology and seek clearer regulatory guidelines to implement the token distribution, reward shareholders, and promote fair markets.
The token is anticipated to offer periodic rewards tied to Trump Media products such as Truth Social, the Truth+ streaming service, and Truth Predict.
In market activity following the announcement, DJT shares rose 3.18% in pre-market trading to $12.97, while Crypto.com’s CRO token initially rose about 3.8% before giving back some gains.
Donald Trump has publicly advocated for cryptocurrency in 2025, including expressing a goal for the United States to become a "bitcoin superpower." This token distribution is described as a first-of-its-kind initiative, with more specifics to be announced soon.
