Trump Media Plans Token Launch for New Streaming Platform

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Trump Media & Technology Group Plans Token Launch for New Streaming Platform

Written by Aaron S.,

Editor-In-Chief

Last Updated: April 30, 2025

Key Takeaways

Trump Media & Technology Group plans to launch a crypto token and wallet for use with its Truth+ video service;
The token could later be used across other Trump Media products, including Truth Social and Truth.Fi;
The company may invest up to $250 million of its cash into Bitcoin or other crypto-related assets.

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Trump Media & Technology Group Plans Token Launch for New Streaming Platform

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Trump Media & Technology Group, the company behind Truth Social, is planning to create a crypto token and wallet tied to its upcoming Truth+ video platform.

In a letter sent to investors on April 29, the company said this idea is part of a possible rewards system linked to its services.

CEO and Chairman Devin Nunes stated, "As part of a rewards program, we're exploring the introduction of a utility token within a Truth digital wallet that can initially be used to pay for Truth+ subscription costs, and later be applied to other products and services in the Truth ecosphere".

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The wallet would be used first to pay for Truth+ video content, with plans to expand its use to other products. These include Truth Social, the company’s main social media platform, and Truth.Fi, its financial services branch, launched in January.

According to the letter, Trump Media & Technology Group also plans to invest its own money in these products—up to $250 million from its current cash holdings may be allocated to Bitcoin BTC $110,560.40 or other cryptocurrencies.

If the token is released, it would add to the list of meme coins tied to President Donald Trump, including OFFICIAL TRUMP (TRUMP) and Official Melania Meme (MELANIA).

Recently, Trump Media & Technology Group signed a deal with Crypto.com $2.39B and Yorkville America Digital to launch exchange-traded funds (ETFs). What assets will these ETFs include? Read the full story.