Trump Media is divided after they announced the expansion into financial services including Crypto and ETFS
This illustration shows a picture of the elected President Donald Trump next to the phone screen showing the Social App Truth, in Washington, DC, February 21, 2022.
Stefani Reynolds | AFP | Getty Images
Trump Media and Technology Group He announced on Wednesday that he spreads to financial services, including investment vehicles.
The Social Care Company’s shares of Truth, which is traded under the DJT mark, jumped more than 15% in the Pre -Ricka store.
The financial services department will be known as Truth.fi, and will start with up to $ 250 million from a company that will be custody with Charles Schwab, the public statement said. This money will be assigned to adapted funds and curine currencies, among other investment vehicles.
The company said it was expecting to launch products and services, including its own investment vehicles, later this year.
“True.fi is a natural expansion of the social movement of truth. We started with the creation of a free -speaking social media platform, we added an Ultra quick TV current service, and now we are entering into investment products and decentralized finances,” said TMTG CEO of TMTG Executive President Devin Nunes in a press release. “Developing American first investment vehicles is another step towards our goal of creating a robust ecosystem through which US patriots can protect themselves against constantly present threats to cancellation, censorship, debuting and privacy violations that have committed large technologies and awakened corporation.”
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