Catenaa, Tuesday, August 05, 2025- Trump Media & Technology Group (TMTG) plans to launch a Truth-branded utility token and digital wallet, marking its most formal move into crypto, according to an SEC filing.
The token will initially support a rewards program for Truth Social users, with the digital wallet enabling payments for Truth+ subscriptions.
According to the filing, the token could later be integrated across a wider “Truth ecosystem,” signaling a deeper blockchain strategy.
While the company stops short of calling the token a cryptocurrency, the language in the Q2 document implies blockchain use.
The move follows Trump Media’s aggressive expansion into digital assets. In July, the company allocated $2 billion into Bitcoin and related securities, ranking it among the top five public holders of the asset.
It has also filed for several crypto exchange-traded funds through its fintech arm, Truth.Fi, including Bitcoin, Ethereum, and a “Crypto Blue Chip” index fund.
Financial filings show Trump Media posted $2.3 million in positive operating cash flow for the quarter but recorded a $20 million net loss tied to stock compensation and its 2024 SPAC merger. CEO Devin Nunes framed the crypto initiatives as a defense against financial censorship and reliance on traditional banking systems.
Trump’s political and financial ties to crypto continue to deepen. Campaign finance records show over $26 million in crypto-linked donations to pro-Trump committees this year, with contributions from Blockchain.com, Gemini Trust, and venture capital leaders Marc Andreessen and Ben Horowitz. Bloomberg estimates Trump’s personal crypto-related holdings have surged by $620 million in recent months.
