Trump account will launch soon, but account migration services are not yet available (Gold 10 Data APP)

Odaily Planet Daily News: According to sources familiar with the matter who spoke to Semafor, the Trump administration is expected to launch the "Trump Account" next week. However, there is currently no mechanism in place to allow companies to host children's savings accounts on their platforms. Institutions such as Chime, Empower, Fidelity, and SoFi had initially hoped to receive approval from the U.S. Treasury as soon as possible, so they could "migrate" these accounts from the app developed in collaboration between the Treasury and BNY Mellon (BK.N) and Robinhood to their own platforms, thereby capturing user growth opportunities in the early stages of the product launch.

One of the sources indicated that these institutions can only hope that relevant guidance will be issued by August at the latest. (Gold 10)