Robinhood Launches Trump Accounts App, Offering $1,000 in Federal Seed Contributions for Eligible Children

GateNews
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Robinhood launched the Trump Accounts app on Thursday (May 29), enabling parents to open federally backed investment accounts for eligible children with $1,000 in seed contributions. Children born between January 1, 2025, and December 31, 2028, qualify for the government-funded investment, while those under 18 can open accounts through the app. Parents serve as account custodians until children turn 18, with contributions beginning on July 4. According to Robinhood CEO Vlad Tenev, the app positions "Robinhood in front of the next generation…this is literally going to be the first investment account for millions of people."
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