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Trump's Empire Expands With $250M Bet on America-First Finance
January 29, 2025 at 7:30 AMby The Block Whisperer
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Truth Social's parent company is officially going full fintech. TMTG' is launching Truth.Fi, and backing it with $250 million to build what they're calling "Patriot Economy" inves
TMTG is currently sitting on around $700 million in cash, and they're putting $250 million of it to work. With Schwab as custodian and Yorkville Advisors running the show, they're building everything from ETFs to crypto exposure. It’s starting to sound a lot more like a financial ecosystem than just patriot-focused apps and services. Devin Nunes, TMTG's CEO, isn't being subtle about that mission, either. First Truth Social took on social media. Then Truth+ hit streaming. Now Truth.Fi's targeting finance. The idea is to appeal to a segment of Americans who claim they’re tired of "woke corporations” – TMTG sees building alternatives as a viable way to tap into this comparatively underserved population.
Truth.Fi is specifically aiming to focus on American manufacturing, energy, and growth companies. Think of it as MAGA meets Wall Street, with a side of Bitcoin and digital assets to keep things spicy and new.Getting Charles Schwab is also a bit of a power move on the Trump empire’s part – they’re brining in some serious financial ecosystem experts that come with their own serious backing and know how. Schwab advises the organization on everything from SMAs to ETFs and crypto strategy.
With Trump promising to make America the world's crypto capital, this move makes a lot of sense. When the president is making good on his talk of national crypto reserves and friendly regulators for the industry, why would he not take a cut of the action himself? With Trump holding major TMTG stake, Truth.Fi's crypto push looks less like a coincidence and more like a long-term strategy.
Truth.Fi's products hit markets in 2025, pending regulators' green light. With Schwab's expertise, Yorkville's management, and Trump's incoming administration potentially smoothing regulatory waters, TMTG might just pull off its biggest expansion yet. In an attempt to tap into the parallel economy, TMTG is spreading its influence across social media, streaming, and now finance. They're creating infrastructure for what they see as an underserved market, and it with digital assets on the menu, it might just be the biggest brain play of all.
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