Trump Media & Technology Group (NASDAQ:DJT), the company behind Truth Social, is expanding into financial services with the launch of Truth.Fi, a fintech arm that aims to develop investment vehicles with crypto ambitions.

President Donald Trump's media team announced its plans to launch Truth.Fi, a new financial services platform. The company's board approved a $250 million investment in several assets, including Bitcoin, ETFs and other cryptocurrencies. Meme coins related to Donald Trump, DJT and TRUMP are both down despite the announcement.

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

Trump Media and Technology Group (DJT), the parent company of Truth Social, is diving into the crypto world with the launch of Truth.Fi, a

Trump Media says the president's company will expand into various investment products and areas of unregulated "decentralized finance," it announced Wednesday.

US President Donald Trump’s media company is launching a financial services business with the help of Charles Schwab. Trump Media and Technology Group announced on Wednesday morning that it was partnering with the discount brokerage firm to launch a variety of investment options including exchange traded funds and crypto -related investments.

Truth Social owner Trump Media & Technology Group announced Wednesday it plans to expand into financial services and potentially buy bitcoin and other cryptocurrencies.