Trump Media & Technology Group Corp (NASDAQ:DJT) shares are trading higher Wednesday after the company announced an expansion into financial services.
What To Know: Trump Media, the parent company of social media platform Truth Social, announced that its board approved a financial services and financial technology strategy that will include the launch of Truth.Fi.
Trump Media will invest up to $250 million to be custodied by Charles Schwab. The funds may be allocated to traditional investment vehicles, as well as to customized separately managed accounts, customized exchange-traded funds and Bitcoin (CRYPTO: BTC) and other cryptocurrencies or crypto-related securities.
Charles Schwab is expected to broadly advise Trump Media’s Truth.Fi investments and strategy. …
Full story available on Benzinga.com