Trump Media & Technology Group Officially Unveils "Truth" Token-Related Plans

BlockBeats News, August 3rd, according to DL News, Trump Media and Technology Group (TMTG) formally disclosed its plans for the Truth brand utility token and digital wallet in the latest filing submitted to the U.S. Securities and Exchange Commission (SEC). As early as several months ago, the company hinted at this concept in a letter to shareholders.

The filing indicates that the token will be part of a "larger-scale reward plan," integrated into the "Truth digital wallet," with initial uses including paying for Truth+ subscription fees. As the project progresses, the token may also be applicable to other products and services in the Truth ecosystem, suggesting that it may have a broader utility across the entire platform in the future.

Although the filing does not explicitly refer to it as "cryptocurrency," the wording suggests that it is likely built on blockchain infrastructure. This second-quarter earnings report is the project's first appearance in public financial documents, indicating that the token has been seen as a core part of Trump Media and Technology Group's crypto strategy.