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Hassan Shittu
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Trump Media and Technology Group has set February 2, 2026, as the important date upon which shareholders can claim its long-awaited digital rewards token.
However, the fine print around eligibility, ownership status, and token utility suggests the initiative will come with meaningful limitations for DJT holders.
In a press release of January 20, the company stated that the shareholders who are the ultimate beneficial owners of at least one whole share of DJT as of February 2 will be qualified to engage in the digital token program.
The announcement follows the company’s December confirmation that it plans to distribute a blockchain-based token as part of a broader push into crypto-adjacent products tied to its media and financial services ecosystem.
Trump Media Clarifies Who Qualifies for Its Planned Digital Token
The eligibility rules introduce an immediate complication.
Trump Media warned that shareholders designated as objecting beneficial owners, known as OBOs, may face delays or may not receive the timely information needed to claim tokens.
To avoid that risk, the company encouraged shareholders to confirm their status as non-objecting beneficial owners with their brokers or to move their shares into direct registration through Odyssey Transfer & Trust Company, the firm’s transfer agent.
The language effectively places the burden on shareholders to ensure they are visible to the company ahead of the record date.
When the plan was first outlined at the end of December, the company framed the token as a shareholder engagement tool rather than a financial instrument, emphasizing regulatory caution and non-security characteristics.
After February 2, Trump Media plans to work with Crypto.com to mint the tokens, record them on the blockchain, and hold custody of the assets until distribution.
While the company did not explicitly name the underlying network in the latest release, earlier disclosures indicated the tokens are expected to run on Crypto.com’s Cronos blockchain.
Trump Media said additional details on allocation and distribution will be released after the record date.
The company also reiterated that token holders may periodically receive rewards throughout the year.
These incentives are expected to take the form of benefits or discounts connected to Trump Media’s products, including Truth Social, its Truth+ streaming service, and Truth Predict.
However, the company was clear about what the token would not represent.
According to the disclosure, the digital token will not confer ownership rights, will not be transferable, cannot be exchanged for cash, and should not be viewed as a claim on profits or managerial efforts.
Only shareholders who own DJT shares outright on the record date, excluding borrowers of stock, will be eligible.
Trump Media CEO and Chairman Devin Nunes said the partnership with Crypto.com is intended to align with existing Securities and Exchange Commission guidance while also helping the company gain a clearer view of its shareholder base as of the record date.
The company also reserved the right to modify or terminate the token distribution or any associated terms at its discretion, with or without prior notice.
The announcement comes as DJT shares showed modest gains.
At the time of publication, the stock was up about 3.1% and trading near $14.38, according to Google Finance.
Ownership data from Yahoo Finance shows a tightly held structure, with company insiders controlling roughly 42.72% of outstanding shares.
Institutional investors hold about 24.07% of total shares, representing just over 42% of the public float, with 401 institutions reporting positions.
The token initiative marks the most concrete step yet in Trump Media’s gradual move toward blockchain-based features.
