Trump Media and Technology Group (TMTG), in order to develop financial services and block chain -based investment solutions as last -minute development Truth.fiannounced the new finance technology brand. The company plans to turn to crypto and decentralized finance -oriented investments as an alternative to the traditional financial system.
Truth.fi opens for crypto investments
At the end of 2024, TMTG has decided to direct 250 million dollars of cash reserves exceeding $ 700 million to investment instruments. These investments will be managed through Charles Schwab and some of them will be allocated to Bitcoin and crypto -supported assets.
In addition, personalized accounts (SMA), stock market investment funds (ETF) and digital asset -based financial products will be created within the scope of the company’s financial strategy. Management plans to give priority to investments in the growth and energy sectors that support the US economy.
A new fintech player for the crypto market
TMTG CEO Devin Nunes said Truth.fi is part of the company’s vision of creating an unquestioned finance and free investment ecosystem. Nunes stressed that this move is an investment movement aiming to break the influence of Big Tech and large banks in the traditional financial world.
TMTG’s Social Media Platform Truth SocialWith its decentralized and uncensored digital services approach, it is now moving to the crypto and blockchain industry. With Truth.Fi, it is aimed to protect investors from financial censorship and restrictions.
Truth.fi’s crypto and defi future
The fact that Truth.Fi will invest in Bitcoin and similar digital assets can enable a new corporate player to emerge in the crypto ecosystem. However, TMTG’s activities in this field will be implemented gradually in 2025, depending on the approval of regulatory institutions.
The company’s goal of combining traditional finance and decentralized investments can create new opportunities for crypto investors. The effect of Truth.fi on Bitcoin and other digital assets will be closely monitored in the coming period.
