Robinhood and BNY Selected by Treasury to Build Trump Accounts Platform — $1K Per Child, Launching July 4

CNBC·medium signal

The US Treasury designated BNY as financial agent and Robinhood as brokerage/trustee for the new Trump Accounts program — tax-deferred investing accounts for children born 2025-2028 with a one-time $1,000 Treasury deposit. Over 4 million children have been enrolled as of March 31, with 1 million eligible for the pilot contribution. The fully white-labeled platform launches July 4 with Robinhood providing technology, UX, and customer support.