PANews reported on December 2nd that, according to Cryptopolitan, two former executives of Gryphon Digital Mining have been appointed as heads of a newly formed cryptocurrency asset management division, a joint venture between Trump Media and Crypto.com. According to Yorkville Acquisition Corp., these appointments will take effect upon completion of the business merger, which is expected to close in the first quarter of 2026. Following the merger, Steve Gutterman will become CEO, and Sim Salzman will become CFO. They previously oversaw Gryphon's restructuring, regulatory reporting, and capital markets transactions, and have held executive positions at E*TRADE, American Bitcoin, and Marathon Digital.

The new entity was formed through a merger with the businesses of Trump Media Technology Group and Crypto.com, with the aim of acquiring and operating CRO as the preferred asset for the entity's long-term reserves. In September, the two companies announced the initial acquisition of 684.4 million CRO tokens at approximately $0.153 per token, for a total initial transaction value of approximately $105 million, paid in cash and stock.