Trump Media and Expertise Group (TMTG) launched Fact.Fi, a brand new monetary providers model.
The brand new model will deal with crypto investments, ETFs, and individually managed accounts, with as much as $250 million custodied by Charles Schwab.
The announcement follows the launch of the $TRUMP memecoin on the Solana blockchain which, regardless of disclaimers, has reached a $5.4 billion market cap.
Did anybody have this on their bingo card for 2025? Donald Trump-owned Trump Media and Expertise Group (TMTG) introduced as we speak that it has launched a monetary providers and fintech technique, confirming the launch a brand new model referred to as Fact.Fi.
The Florida-based firm is launching the brand new model to diversify the corporate’s money reserves. TMTG will make investments as much as $250 million by means of Charles Schwab in cryptocurrencies and crypto-related securities, exchange-traded funds, and individually managed accounts, which will probably be developed in partnership with Charles Schwab. The funding autos and monetary merchandise are anticipated to deal with investments in American development, manufacturing, and power firms. Yorkville Advisors will function the corporate’s Registered Funding Adviser.
For these accustomed to TMTG social community, Fact Social, the title of the brand new fintech firm might sound acquainted. The corporate started as a social media platform to function a secure harbor at no cost speech, avoiding censorship of personal firms. It additionally runs Fact+, a TV streaming platform specializing in family-friendly, stay TV channels and on-demand content material.
TMTG CEO and Chairman Devin Nunes referred to as Fact.Fi a pure enlargement of the Fact Social motion. “We started by making a free-speech social media platform, added an ultra-fast TV streaming service, and now we’re shifting into funding merchandise and decentralized finance,” defined Nunes.
The corporate anticipates that Fact.Fi services and products will roll out later this 12 months.
This transfer is especially noteworthy as TMTG is majority owned by U.S. President Donald Trump, who took workplace simply 9 days in the past. Since then, he has demonstrated a pro-crypto stance by signing the “Strengthening American Management in Digital Monetary Expertise” govt order, a choice that has contributed to a surge in cryptocurrency costs.
The announcement additionally comes after Donald Trump launched a Trump memecoin referred to as $TRUMP on the Solana blockchain a number of days previous to his presidential inauguration. Even though, in keeping with the coin’s web site, $TRUMP usually are not meant to be, or to be the topic of, an funding alternative, funding contract, or safety of any kind,” the coin presently has a market capitalization of $5.4 billion, making it the third most dear memecoin obtainable as we speak.
Photograph by Polina Zimmerman
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