According to Foresight News, Trump Media Group has announced the launch of its fintech brand Truth Fi, entering the financial services and fintech sectors. The company plans to invest $250 million of its over $700 million cash reserve through Charles Schwab, focusing on a variety of investment tools including SMAs, ETFs, and cryptocurrencies.
This investment strategy will be developed in collaboration with Charles Schwab, with Yorkville Advisors serving as the registered investment advisor. The investment tools will focus on U.S. growth, manufacturing, energy companies, and investments that strengthen the patriotic economy.
Truth.Fi products and services are expected to launch in 2025, pending approval from regulatory authorities and funding support. This expansion will enhance TMTG's existing product portfolio, which includes the Truth Social platform and Truth+ streaming service.