Media
Merger / DESPAC
Show Chart?
Load external content from TradingView!
*You can change or withdraw your consent at any time in the footer under Cookies.
Sarasota, FL, USA - Trump Media & Technology Group Corp. (Nasdaq: DJT) announced plans to expand into financial services and fintech with the launch of its new brand, Truth.Fi. The company, which operates Truth Social and Truth+, will invest up to $250 million, custodied by Charles Schwab, into various investment vehicles including separately managed accounts (SMAs), exchange-traded funds (ETFs), and cryptocurrencies. These investments will focus on American growth, manufacturing, and energy companies, aiming to strengthen the "Patriot Economy."
The SMAs will be developed in partnership with Charles Schwab, with an affiliate of Yorkville Advisors serving as the Registered Investment Adviser. TMTG CEO and Chairman Devin Nunes stated that Truth.Fi is a natural extension of the Truth Social movement, aiming to create a robust ecosystem for American patriots. Truth.Fi products and services are anticipated to launch in 2025, pending regulatory approvals.
TMTG's mission is to combat Big Tech's censorship and provide a platform for free expression. The company currently operates Truth Social and Truth+, a social media and streaming platform, respectively.