Robinhood Tapped as Brokerage for Trump Accounts, Together with BNY

Robinhood will develop and operate the infrastructure for Trump Accounts with BNY, which will serve as financial agent

Trump Accounts are tax-advantaged investment accounts for U.S. citizens under the age of 18, with a $1,000 contribution from the government for children born 2025–2028

In a historic milestone for our mission to democratize finance for all, Robinhood has been tapped as brokerage and initial trustee for Trump Accounts, a groundbreaking initiative designed to expand market access for the next generation of Americans. Robinhood will work with BNY, which has been selected by the U.S. Department of the Treasury as financial agent for Trump Accounts.

“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 Markets. “Our task is clear: to provide the next generation of Americans with a world-class, intuitive platform to jumpstart their financial future.” 

Working alongside BNY, Robinhood will develop and operate the infrastructure required to make Trump Accounts a reality. This will include providing the necessary technology, building an intuitive front-end experience, creating educational resources, and managing customer support for Trump Accounts. Trump Accounts will leverage Robinhood’s technology and infrastructure to power a standalone web and app experience designed uniquely for this initiative.

“We are honored to be selected as financial agent for Trump Accounts. In collaboration with Robinhood, a leading financial technology platform committed to democratizing the markets for investors, we are helping to expand access to financial opportunity for all Americans,” said Robin Vince, Chief Executive Officer 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.”

Robinhood was built to provide access to those who have historically been left behind by the financial system. Today, more than 27 million people—many of them first-time investors—interact with the markets through our platform. We are honored to bring this experience and our industry-leading technology to this national initiative.

We continue to believe that the American stock market remains the greatest wealth creation vehicle of our time, and by providing young Americans with a dedicated platform to engage with the markets early, Trump Accounts will help millions of citizens maximize the power of compounding and build a lasting financial legacy.

Robinhood Markets previously announced that we will match the U.S. Treasury’s $1,000 contribution to Trump Accounts for eligible children of our employees.

Trump Accounts will launch on July 4, 2026. Learn more at trumpaccounts.gov. 

About Robinhood

Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Additional information about Robinhood can be found at www.robinhood.com.

U.S. brokerage services are offered through Robinhood Financial LLC, a registered broker dealer (member https://www.sipc.org/) and U.S. clearing services through Robinhood Securities, LLC, a registered broker dealer (member https://www.sipc.org/).  All investing involves risk.

This blog post contains forward-looking statements, including that Trump Accounts are a groundbreaking initiative designed to expand market access to the next generation of Americans; our task is clear: to provide the next generation of Americans with a world-class, intuitive platform to jumpstart their financial future; working alongside BNY, Robinhood will develop and operate the infrastructure required to make Trump Accounts a reality; this will include providing the necessary technology, building an intuitive front-end experience, creating educational resources, and managing customer support for Trump Accounts; in collaboration with Robinhood, BNY is committed to democratizing the markets for investors and helping to expand access to financial opportunity for all Americans; 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 continue to believe that the American stock market remains the greatest wealth creation vehicle of our time, and by providing young Americans with a dedicated platform to engage with the markets early, Trump Accounts will help millions of citizens maximize the power of compounding and build a lasting financial legacy; and Trump Accounts will launch on July 4, 2026. Our forward-looking statements are subject to a number of known and unknown risks, uncertainties, assumptions, and other factors that may cause our actual future results, performance, or achievements to differ materially from any future results expressed or implied in this blog post. Factors that contribute to the uncertain nature of our forward-looking statements include, among others: the risk that we might mishandle the assets we hold on behalf of customers, and our exposure to liability for processing, operational, or technical errors in clearing functions; the impact of negative publicity on our brand and reputation; and our reliance on third parties to perform some key functions and the risk that processing, operational or technological failures could impair the availability or stability of our platforms. Because some of these risks and uncertainties cannot be predicted or quantified and some are beyond our control, you should not rely on our forward-looking statements as predictions of future events. More information about potential risks and uncertainties that could affect our business and financial results is included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025, as amended, as well as our other filings with the SEC, which are available on the SEC’s web site at www.sec.gov. Except as otherwise noted, all forward-looking statements are made as of the date of this blog post and are based on information and estimates available to us at this time. Except as required by law, we assume no obligation to update any of the statements in this blog post whether as a result of any new information, future events, changed circumstances, or otherwise. You should read this blog post with the understanding that our actual future results, performance, events, and circumstances might be materially different from what we expect.