BUZZ-Trump Media and Technology rises on launch of fintech brand

Reuters

01-29

BUZZ-Trump Media and Technology rises on launch of fintech brand

** Shares of Trump Media and Technology Group DJT.O rise 15.7% to 34.77 premarket

** Co launches financial services and fintech brand Truth.Fi

** DJT approves investment of upto $250 mln to be facilitated by Charles Schwab SCHW.N

** Funds can be allotted to separately managed accounts (SMAs), exchange-traded funds (ETFs), and bitcoin and similar cryptocurrencies or crypto-related securities

** Co expects Truth.Fi products and services to roll out this year itself

** In 2024, the stock rose 94.8%

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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