Trump media moves into financial services with target on ‘Patriot Economy’

The company behind President Trump’s Truth Social online platform has announced a plan to move into the financial services industry.

A report from ReclaimTheNet said it is Trump Media and Technology Group that has announced an expansion with the introduction of Truth.Fi, a financial tech and investment brand.

The TMTG organization also runs Truth+ streaming operations.

The organization’s board has approved a plan to diversity the company’s cash reserves, which recently exceeded $700 million, and will designate up to $250 million for investments.

The report said Charles Schwab will be serving as custodian.

“The investments will span multiple asset categories, including separately managed accounts (SMAs), exchange-traded funds (ETFs), and cryptocurrency-related securities such as Bitcoin,” the report said.

Yorkville Advisers, through an affiliate, will serve as the registered investment adviser, the report said.

The focus is to prioritize American growth sectors such as manufacturing and energy and companies that align with what was described as the “Patriot Economy.”

Former Rep. Devin Nunes, now CEO at TMTG, said, “We look forward to launching Truth.Fi, introducing TMTG’s investment vehicles, and unlocking synergies

“Truth.Fi is a natural expansion of the Truth Social movement. We began by creating a free-speech social media platform, added an ultra-fast TV streaming service, and now we’re moving into investment products and decentralized finance. Developing American 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.”