Trump Media and Technology Group (DJT), which operates Truth Social, announced on Wednesday that it plans to distribute new digital tokens to shareholders through an agreement with Crypto.com.
Tokens will be issued using Crypto.com’s Cronos blockchain. Trump Media said in a press release that once the program launches, each shareholder will receive one token for every share of DJT they own.
Token holders may also receive periodic rewards throughout the year, including potential perks and 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 a majority shareholder in Trump Media and Technology, and has spoken favorably of the cryptocurrency industry in 2025, saying in November that he wants the US to become a “Bitcoin superpower.”
“We look forward to leveraging Crypto.com's blockchain technology to improve regulatory clarity, conduct a first-of-its-kind token distribution, reward Trump Media shareholders, and promote fair and transparent markets,” CEO and Chairman Devin Nunes said in a statement.
Trump Media stock rose in pre-market trading, with DJT rising 3.18% to $12.97. Crypto.com’s native token, CRO, initially rose 3.8% following the announcement, but has since regained some of its gains.
Trump Media said additional details regarding token distribution will be announced in the new year.
