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 inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney