The Trump Media and Technology Group (DJT), the company that runs social media site facts social, announced Wednesday it launches a Crypto-focused financial service platform and customized funds exchanged exchanges.
The Company Board approved an investment of up to $ 250 million with the main asset manager Charles Schwab (SCHW). Funds can be allocated to customize separately managed accounts (SMA), customized funds exchanged exchanges (ETF) and Bitcoin (BTC) and similar cryptocurrencies or crypto-related security, According to a File to the Securities and Exchange Commission.
Charles Schwab will also widely advise the investments and techniques of frie.fi, according to a press release.
“Truth.fi is a natural expansion of the social movement of reality,” Trump’s CEO and Chairman Devin Nunes said in a statement. “We started by creating a free-speech social media platform, added an ultra-fast TV streaming service, and now we are moving to investment products and decentralized finances.
DJT sharing was 10.4% higher on Wednesday following the news ..
Truth.fi is the latest effort of companies related to Donald Trump in the digital asset space. Trump and his family supported the decentralized protocol of Finance Finance (DEFI) World Liberty Financial. Trump also launched a “official” memecoin in Solana a few days before his inauguration of January 20, ignoring a speculation -haaka frenzy of crypto entrepreneurs and interrupting some numbers of crypto industry.
