Trump Media and Technology Group Corp. (NASDAQ, NYSE Texas: DJT) has announced an update on its digital token initiative, reminding broker participants of the upcoming deadline for providing information about DJT shareholders as of the record date, February 2, 2026.
On December 31, 2025, the company revealed plans to distribute digital tokens to its shareholders in partnership with crypto.com. Each shareholder would be eligible to receive one digital token per whole share of DJT owned as of the record date.
Trump Media is working with external partners Betanxt, as a proxy agent, and Odyssey Transfer and Trust Company, as a transfer agent, to coordinate communications to broker participants and shareholders. The digital token will not be an equity security and thus cannot be distributed through the Depository Trust Company (DTC), meaning that each beneficial shareholder of Trump Media will need to be identified to receive their token distribution, including each shareholder who is designated as an "objecting beneficial owner" (OBO).
The company has requested prompt assistance from broker participants in providing a complete list of all Trump Media shareholders as of February 2, 2026, who are designated as OBOs to their proxy agent, Betanxt, who will compile all shareholder details on their behalf in connection with the distribution. The required shareholder details from OBOs to receive a distribution are name, address, and record-date share balance for each OBO.
It is emphasized that all Trump Media shareholders are entitled to receive a token distribution, and each token holder may be eligible to claim prizes or participate in any other program connected to holding tokens.
The digital tokens distributed to Trump Media shareholders are not anticipated to represent an ownership interest in Trump Media or any other entity, nor should token holders expect rewards to include profits from the essential managerial efforts of others. The tokens will not be transferable and cannot be exchanged for cash, and only ultimate beneficial owners of DJT shares as of February 2, 2026 (not including borrowers of stock) will be eligible to receive digital tokens.
The company reserves the right to change, modify, or terminate the distribution or any of the terms and conditions relating to the distribution at any time, with or without prior notice.
Following these announcements, the company's shares moved 1.54%, and are now trading at a price of $13.87. If you want to know more, read the company's complete 8-K report here.
