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The Trump Group is entering the encryption financial business, joining hands with Jiaxin Wealth Management to create the new brand 'Truth.Fi'
The media technology group (TMTG) under the American President Trump announced yesterday that it will enter the financial and encryption coin market, launching the 'Truth.Fi' platform, and collaborating with Jiaxin Wealth Management (Charles Schwab) to provide customized ETF and encryption investment services for its cash reserves, accelerating the development of digital assets.
Truth.Fi: Building a new decentralized financial platform
According to yesterday's press release, TMTG, the operator of the social media platform Truth Social and the video streaming platform Truth+, announced the launch of a new platform called 'Truth.Fi', which focuses on (FinTech) services in the digital asset field, symbolizing a significant bet by the Trump team.
In order to diversify TMTG's cash and cash equivalents reserves, which exceeded 700 million US dollars as of last year, the board has approved an investment of up to 250 million US dollars entrusted by Jiaxin Wealth Management.
It is reported that the platform will cooperate with Jiaxin Wealth Management to provide independent managed account (SMA), customized ETF and investment services such as bitcoin and other encrypted coins, and is expected to focus on investments in US growth funds, manufacturing and energy companies, etc.
TMTG CEO and Chairman of the United States President's Intelligence Advisory Committee, Devin Nunes, stated in the announcement that the establishment of Truth.Fi is not only to promote financial innovation, but also to protect the American people from undue interference in the banking system: