Trump Media & Technology Group (TMTG), the parent company of Truth Social, has announced its expansion into financial services under the brand Truth.Fi. The company plans to invest in Bitcoin and other cryptocurrencies, along with exchange-traded funds (ETFs) and separately managed accounts (SMAs).
TMTG Unveils Truth.Fi to Expand into Financial Services
Trump Media & Technology Group (TMTG) revealed on Wednesday that it is launching a financial services division, Truth.Fi, as part of its growth strategy. The company stated that it will allocate up to $250 million in investments, including Bitcoin and other digital assets.
The investment funds will be managed with the assistance of Charles Schwab, which will provide broad advisory services.
An affiliate of Yorkville Advisors will act as the registered investment adviser for the new investment vehicles. According to TMTG CEO Devin Nunes, the initiative is part of the company’s goal to establish a financial ecosystem aligned with its audience.
This A Breaking News, Please Check Back For More
The post Just In: Trump Media Reveals Plan To Invest In Bitcoin & Other Cryptocurrencies appeared first on CoinGape.
