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This illustration shows an image of President -elect Donald Trump next to a telephone screen showing the social application of truth, in Washington, DC, on February 21, 2022.
Stefani Reynolds | AFP | Getty images
Trump Media and Technology Group He announced on Wednesday that it is expanding to financial services, including investment vehicles.
The actions of the parent company of truth, which are negotiated under the DJT ticket, increased more than 15% in trade prior to trade.
The Financial Services Division would be known as Truth.FI, and will begin with up to $ 250 million of the company that will be guarded with Charles Schwab, according to the press release. That money will be assigned to custom exchange funds and exchange, among other investment vehicles.
The company said it hopes to launch products and services, including its own investment vehicles, at the end of this year.
“Truth.fi is a natural expansion of the social movement of truth. We begin creating a social media platform of expression, we add an ultra fast television transmission service, and now we are moving to investment products and decentralized finance” Said CEO and president of TMTG Devin Nunes in the press release. “Developing first investment vehicles of the first investment is another step towards our goal of creating a robust ecosystem through which US patriots can protect themselves from the always present threat from cancellation, censorship, debate and privacy violations committed by large technologies and wake up corporations. “
The statement did not specify what types of investment vehicles would offer the truth.
The announcement occurs after the complaints of the Republicans that banks have unfairly treated some conservatives. During a remote appearance last week in the World Economic Forum in Davos, Switzerland, Trump complained to the CEO of Bank of America, Brian Moynihan, that the company was enclosing and undoing the conservatives.
“I hope you begin to open your bank to conservatives because many conservatives complain that banks do not allow them to do business inside the bank, and that included a place called Bank of America,” Trump said.
The president also faced Jamie Dimon, CEO of JPMorgan Chase, the largest American bank for assets.
“You, Jamie and everyone, I hope they will open their banks to the conservatives because what he is doing is wrong,” Trump said.
The comments continued a dispute over low heat between the Republicans and the largest banks of the Nation, with a point of inflammation last year when a group of state general prosecutors filed a complaint claiming that the institutions were discriminating against customers based on religious and political affiliations. Banks officials have denied irregularities.
Complaints about banking are also common among the cryptographic community, which was aligned with Trump during its presidential campaign.
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