U.S. Treasury Taps Robinhood and BNY Mellon for Trump 530A Accounts

Robinhood said the Treasury-backed Trump Accounts could help it reach the next generation of investors. According to the company, more than 4 million children are already enrolled in the tax-deferred custodial account program, which applies to children born from 2025 through 2028. Robinhood added that more than 1 million children qualify for the U.S. Treasury’s $1,000 pilot funding plan. This updates the previously reported program structure involving Robinhood and BNY Mellon, with BNY Mellon serving as financial agent and both firms helping build a white-label app for the initiative.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.