Trump Media Partners With Charles Schwab in New Crypto Venture Truth.Fi

President Donald Trump’s media and know-how group (TMTG) is asserting a partnership with monetary providers big Charles Schwab to additional enterprise into the world of decentralized finance (DeFi).

In a brand new press release, TMTG – the agency behind social media platform Fact Social and the video streaming service Fact+ – says it’s collaborating with Charles Schwab to launch Fact.Fi, a fintech agency with crypto providers.

As a way of diversifying the agency’s reserves, TMTG’s board has accepted an funding of $250 million to be custodied by Charles Schwab, which might go towards funding automobiles, exchange-traded funds (ETFs), individually managed accounts (SMAs), in addition to Bitcoin (BTC) and different digital property, in accordance with the press launch.

As said by TMGT chief govt and chairman David Nunez,

“Fact.Fi is a pure enlargement of the Fact Social motion. We started by making a free-speech social media platform, added an ultra-fast TV streaming service, and now we’re shifting into funding merchandise and decentralized finance.

Creating American First funding automobiles is one other step towards our purpose of making a sturdy ecosystem by way of which American patriots can defend themselves from the ever-present menace of cancellation, censorship, debanking, and privateness violations dedicated by large tech…”

Final yr, Trump introduced the launch of his personal DeFi community – World Liberty Monetary (WLFI) –  as a way of serving to those that have been disenfranchised by banks.

Final week, it was discovered that WLFI has turn into a prime 0.1% holder of staked Ethereum (stETH) because the agency is staking $33 million value of the main altcoin.

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