TMTG announced its expansion into financial services and fintech amidst a backdrop of an administration favoring cryptocurency and digital financial technology innovation

Trump Media and Technology Group, the parent company of Truth Social, announced a plan to expand into financial services — including customized investment vehicles geared toward conservatives. Why it matters: Shares in TMTG,

Trump Media and Technology Group (TMTG) has announced the launch of its financial services and FinTech brand, Truth.Fi.

The president’s company will launch a fintech and investment platform called Truth.Fi to invest in ETFs and crypto.

Trump Media launches Truth.Fi, planning a $250M investment in fintech, ETFs, and Bitcoin as it expands into financial services.

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).

Trump Media, the parent of Truth Social, said in a press release that its board approved an investment of up to $250 million to be custodied by Charles Schwab.

Truth Social parent Trump Media and Technology Group said on Wednesday its board of directors has approved the launch of a financial services and FinTech brand Truth.Fi, sending shares of the firm up over 11% in early trading.

Donald Trump’s social media venture, Trump Media & Technology Group (TMTG), has unveiled plans to expand into cryptocurrency and fintech services through a new brand dubbed Truth.Fi.

This story incorporates reporting from Business Insider, Yahoo Finance, Finbold | Finance in Bold and Bloomberg L.P..Trump Media & Technology Group (TMTG) has announced its entry into the financial technology sector with the launch of a new brand,