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US Treasury Appoints BNY Mellon for Trump Accounts Rollout
The US Department of the Treasury has selected The Bank of New York Mellon Corporation (BNY) as a financial agent to implement the new Trump Accounts program. BNY will manage initial accounts and help develop the secure Trump Accounts app, designed to facilitate account access and management for families. Robinhood will partner with BNY as broker and initial trustee to ensure eligible children can access these accounts efficiently.