Trump Media shareholders to receive ‘new token’ on Cronos blockchain

Core Viewpoint - Trump Media is launching a new digital token for its shareholders, which will provide periodic benefits but not represent ownership in the company [1][3]. Group 1: Token Distribution - The new token will be distributed in partnership with Crypto.com, leveraging its blockchain technology, Cronos, which supports a $500 million DeFi ecosystem [2]. - Shareholders will receive one token for each whole share of Trump Media, with the tokens offering benefits such as discounts on company products [3]. - The tokens are anticipated to be non-transferable and cannot be exchanged for cash [3]. Group 2: Company Developments - Trump Media has previously partnered with Crypto.com to establish a digital asset treasury company and develop a prediction market called Truth Predict [5]. - The company announced a $6 billion merger with TAE Technologies to build a utility-scale fusion power plant by 2026 [6]. - The first five Truth Social ETFs began trading on the New York Stock Exchange, with plans to offer crypto-based ETFs in 2026 through a Crypto.com subsidiary [6]. Group 3: Leadership and Future Plans - CEO Devin Nunes expressed optimism about utilizing Crypto.com's blockchain technology to enhance regulatory clarity and promote fair markets [4]. - Additional details regarding the token distribution will be shared in the new year [4].