Trump Media launches new fintech platform Truth.Fi, allocating $250M to Bitcoin and ETFs

Key Takeaways

Trump Media and Technology Group (DJT) is launching Truth.Fi, a fintech model centered on monetary providers and funding merchandise.
The firm will make investments up to $250 million of its $700 million money reserves into individually managed accounts, ETFs, and Bitcoin.

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Trump Media is increasing into monetary providers with Truth.Fi, planning to make investments up to $250 million of its $700 million money reserves throughout varied property, together with Bitcoin.

The firm, which operates Truth Social and Truth+, has secured Charles Schwab as its custody supplier and monetary advisor.

The funds might be allotted to individually managed accounts (SMAs), custom-made ETFs, and crypto-related property.

Charles Schwab may also advise TMTG on its broader monetary technique, whereas an affiliate of Yorkville Advisors will function the Registered Investment Adviser.

“Developing America First investment vehicles is another step toward our goal of creating a robust ecosystem through which American patriots can protect themselves from the ever-present threat of cancellation, censorship, debanking, and privacy violations committed by Big Tech and woke corporations,” mentioned TMTG CEO Devin Nunes.

The funding technique, authorised by TMTG’s board of administrators, will deal with American progress sectors, power firms, and the Patriot Economy.

Truth.Fi’s monetary merchandise are anticipated to launch in 2025, topic to regulatory approvals and last agreements.

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