Robinhood Markets Inc. will serve as the brokerage and initial trustee for the U.S. Treasury Department’s new Trump Accounts program. Bank of New York Mellon will partner as the financial agent to manage these government-funded accounts.
The initiative provides investment accounts for American children born starting in 2025. Eligibility for the program continues through 2028. This program was established by the One Big Beautiful Bill Act signed in 2025.
Each account features a government-funded index fund to encourage early investing. Robinhood will use its platform to service potentially millions of new federal accounts.
Robinhood shares rose following the announcement of the partnership.