The company will manage the national infrastructure for the program in collaboration with Robinhood.
The U.S. Treasury Department today announced they have selected BNY as financial agent for Trump Accounts, the U.S. government’s investment savings initiative for children, aimed at building a strong financial foundation for the next generation of Americans.
As financial agent, BNY will manage the national infrastructure for the program and collaborate with Robinhood, a leading financial technology platform committed to democratizing the markets for investors, to provide initial trustee and brokerage services.
BNY sits at the center of the nation’s financial infrastructure, making it uniquely positioned to help scale this initiative. By supporting Trump Accounts, the company is helping build a more resilient economy – enabling growth and financial security across generations.
“We are honored to be selected as financial agent for Trump Accounts. In collaboration with Robinhood, we are helping to expand access to financial opportunity for all Americans,” said Robin Vince, CEO of BNY. “BNY has been part of the fabric of the U.S. financial system since our country's founding, and through this landmark initiative, will help more Americans invest in our economy, strengthen U.S. capital markets and give more children a foundation for long-term financial security.”
“We are proud to power Trump Accounts with Robinhood’s technology and to work alongside a historic and trusted institution like BNY,” said Vlad Tenev, Chairman and CEO of Robinhood. “Our task is clear: to provide the next generation of Americans with a world-class, intuitive platform to jumpstart their financial future.”
BNY’s role builds on its participation as one of the first financial services companies to join the Trump Accounts program. The company previously announced it will match the federal government's $1,000 contribution for eligible newborns of its eligible U.S. employees, doubling the investment in each child's future and helping families start saving from day one.
Trump Accounts will launch on July 4, 2026. Learn more at trumpaccounts.gov.
About BNY
BNY is a global financial services platforms company at the heart of the world’s capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally, overseeing $59.3 trillion in assets under custody and/or administration and $2.2 trillion in assets under management as of December 31, 2025.
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on bny.com. Follow BNY on LinkedIn or visit the BNY Newsroom for the latest company news.
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