His media firm, Trump Media & Technology Group (TMTG), has formally launched Truth.Fi, a monetary providers and fintech enterprise that can make investments as much as $250 million in numerous belongings, together with Bitcoin (BTC) and different cryptocurrencies.
A Major Step Into Financial Services
According to an official press release, TMTG’s board of administrators has accredited a monetary know-how technique geared toward diversifying the corporate’s $700 million in money reserves. The accredited technique will enable Truth.Fi to put money into:
- Traditional funding automobiles
- Separately Managed Accounts (SMAs)
- Exchange-Traded Funds (ETFs)
- Bitcoin and different cryptocurrencies
- Crypto-related securities
This transfer alerts an aggressive push into the crypto and fintech sector, aligning with Trump’s pro-crypto stance in recent times.
Trump’s Growing Involvement in Crypto
The launch of Truth.Fi follows Trump’s broader embrace of digital belongings. During the 2024 election cycle, he positioned himself as a pro-crypto candidate, and his staff has additionally been concerned within the creation of World Liberty Financial, one other crypto-related initiative.
In November 2023, TMTG filed a trademark utility for monetary providers, hinting at its ambitions within the fintech and cryptocurrency trade.
