Trump Media Partners With Charles Schwab in New Crypto Venture Truth.Fi
President Donald Trump’s media and technology group (TMTG) is announcing a partnership with financial services giant Charles Schwab to further venture into the world of decentralized finance (DeFi).
In a new press release , TMTG – the firm behind social media platform Truth Social and the video streaming service Truth+ – says it’s collaborating with Charles Schwab to launch Truth.Fi, a fintech firm with crypto services.
As a means of diversifying the firm’s reserves, TMTG’s board has approved an investment of $250 million to be custodied by Charles Schwab, which could go toward investment vehicles, exchange-traded funds (ETFs), separately managed accounts (SMAs), as well as Bitcoin ( BTC ) and other digital assets, according to the press release.
As stated by TMGT chief executive and chairman David Nunez,
“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…”
Last year, Trump announced the launch of his own DeFi network – World Liberty Financial (WLFI) – as a means of helping those who have been disenfranchised by banks.
Last week, it was found that WLFI has become a top 0.1% holder of staked Ethereum ( stETH ) as the firm is staking $33 million worth of the leading altcoin.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin slips to $86K — Is the bull run over?
Bitcoin’s dip, surging ETF outflows and Bybit’s $1.5 billion hack shakes investor confidence. What’s next?
A glass-half-full look at the market
The memecoin token frenzy suggests mid-cycle speculation, aligning with 2020-2021 patterns: 21Shares exec
Sky and Berachain: A Disruptive Alliance with Polaris at the Heart of DeFi
1.000% Increase Coming? FXGuys Could Be the Top Performer of 2025
Trending news
MoreCrypto prices
More








