XRP News Today: Trump Media Launches $6.4B CRO Treasury with Crypto.com and Yorkville

Trump Media, in partnership with Crypto.com and Yorkville Acquisition Corp., has launched a $6.42 billion digital asset treasury company focused exclusively on the Cronos (CRO) token [1]. The new entity, Trump Media Group CRO Strategy, Inc., will be publicly traded and represents the largest CRO-focused treasury company in history. The funding structure includes $1 billion in CRO tokens (6.3 billion CRO), $200 million in cash, $220 million in warrants, and a $5 billion equity line of credit from YA II PN, Ltd., a Yorkville affiliate [1].

The company is set to run a validator node on the Cronos blockchain, reinforcing its commitment to the network’s security and governance while reinvesting staking rewards to expand its holdings over time [1]. Founding shareholders—including Trump Media, Crypto.com, and Yorkville—have agreed to a one-year lock-up period for their shares and warrants, followed by a three-year release schedule. This demonstrates a long-term strategic vision and reinforces the stability of the project [1].

The collaboration positions CRO as a key player in the expanding blockchain ecosystem. Cronos, the native token of Crypto.com’s interoperable blockchain, is designed for speed, scalability, and cross-chain connectivity, supporting decentralized finance (DeFi) protocols and real-world asset tokenization [1]. By establishing a CRO treasury, the new entity aims to leverage these strengths and further integrate CRO into institutional and real-world use cases [1].

The announcement has had an immediate market impact, with CRO rising approximately 25% in value following the news [3]. Analysts note that the deal reflects broader trends of growing institutional interest and improved regulatory clarity in the crypto market. The recent favorable outcome of the XRP lawsuit, for instance, has been seen as a shift toward more structured regulation in the U.S., which could encourage further institutional participation [2].

This partnership also highlights the increasing influence of high-profile entities and figures in the crypto space. Trump Media’s involvement brings additional public attention and credibility, potentially accelerating both retail and institutional adoption. The move signals a strategic alignment between media, crypto, and financial services, reflecting a growing consensus on the long-term value of digital assets [1].

Yorkville Acquisition Corp. plans to list its Class A ordinary shares on the Nasdaq under the ticker symbol “MCGA” [1]. The transaction is expected to close following the customary regulatory and shareholder approvals.

Source:

[1] Trump Media Just Backed a $6.4B Crypto Play with Crypto.com – Here’s Why it Matters

https://cryptonews.com/news/trump-media-just-backed-a-6-4b-crypto-play-with-crypto-com-heres-why-it-matters/

[2] The XRP Lawsuit Ends, Ushering in a New Era

https://cryptonews.com/press-releases/the-xrp-lawsuit-ends-ushering-in-a-new-era-join-savvy-mining/

[3] CoinDesk: Bitcoin, Ethereum, XRP, Crypto News and Price Data

https://www.coindesk.com/