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Trump Media & Technology Group (TMTG), the parent company of Truth Social, has announced its expansion into financial services under the brand Truth.Fi. The company plans to invest in Bitcoin and other cryptocurrencies, along with exchange-traded funds (ETFs) and separately managed accounts (SMAs).TMTG Unveils Truth.Fi to Expand into Financial ServicesTrump Media & Technology Group (TMTG) revealed on Wednesday that it is launching a financial services division, Truth.Fi, as part of its growth strategy. The company stated that it will allocate up to $250 million in investments, including Bitcoin and other digital assets.The investment funds will be managed with the assistance of Charles Schwab, which will provide broad advisory services.
An affiliate of Yorkville Advisors will act as the registered investment adviser for the new investment vehicles. According to TMTG CEO Devin Nunes, the initiative is part of the company’s goal to establish a financial ecosystem aligned with its audience.
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Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
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