Trump Media & Technology Group Officially Unveils Plans for "Truth" Token

BlockBeats News, August 3—According to a report by DL News, Trump Media & Technology Group (TMTG) has officially disclosed its plans for the Truth-branded utility token and digital wallet in its latest filing with the U.S. Securities and Exchange Commission (SEC). The company first hinted at this concept several months ago in a letter to shareholders.

The documents show that the token will be integrated into the "Truth Digital Wallet" as part of a "larger-scale rewards program," with its initial use case including payment for Truth+ subscription fees. As the project develops, the token may also be used for other products and services within the Truth ecosystem, suggesting it could have broader utility across the entire platform in the future.

Although the documents do not explicitly refer to it as a "cryptocurrency," the language used suggests it is likely built on blockchain infrastructure. This Q2 financial report marks the first time the project has appeared in public financial filings, indicating that the token is now considered a core component of Trump Media & Technology Group's crypto strategy.