Summary
- Trump Media announced plans to launch the financial services and fintech brand 'Truth.Fi' within the year.
- Key investments include diversifying up to $250 million through the financial firm Charles Schwab.
- The board particularly stated that investments will be made in exchange-traded funds (ETFs) and cryptocurrencies like Bitcoin.
Donald Trump's media company, 'Trump Media', is launching a fintech brand to engage in various related businesses.
According to Reuters on the 29th (local time), Trump Media announced that its board of directors approved the launch of a financial services and fintech brand 'Truth.Fi', and plans to introduce it within the year after obtaining approval from financial authorities.
Additionally, the board approved a plan to invest up to $250 million (approximately 360.7 billion KRW) through the financial firm Charles Schwab to diversify its assets. The assets will be invested in exchange-traded funds (ETFs) and cryptocurrencies, including Bitcoin (BTC).
The major shareholder of Trump Media is President Donald Trump himself.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
