Robinhood just landed its most unusual client yet: the US government.
The US Department of the Treasury selected Robinhood Markets to serve as the brokerage and initial trustee for “Trump Accounts,” a new federal investment program designed to get American children investing before they can drive. The company will build the technology infrastructure, handle customer support, and develop educational resources for an initiative that could eventually touch millions of households.
How the program works
Children born between 2025 and 2028 are eligible for a $1,000 seed contribution from the US Treasury, deposited into a dedicated investment account. Family members and friends can pile on additional contributions up to $5,000 per year. The accounts are restricted to traditional investments, meaning stocks and bonds. No crypto tokens, no digital assets, no memecoins.
BNY Mellon will act as the financial agent handling account management, while Robinhood owns the technology side. The dedicated Trump Accounts app launched on May 28, 2026, with federal funding expected to start flowing on July 4, 2026.
Robinhood CEO Vlad Tenev called the initiative a “historic milestone” for onboarding young investors. The company was selected on April 6, 2026.
Wall Street liked what it saw
Investors responded with enthusiasm. Robinhood shares surged 11% following the app launch, closing at $84.84.
The Securities and Exchange Commission granted Robinhood no-action relief from delivering standard disclosures for these accounts, streamlining the onboarding process for a program that targets minors.
What this means for crypto
The Trump Accounts program explicitly excludes crypto. No Bitcoin, no Ethereum, no tokenized anything. Just traditional securities.
Robinhood has been one of the most prominent bridges between retail investors and crypto markets. The company offers trading in Bitcoin, Ethereum, and a range of other digital assets on its main platform. But the government-backed accounts will funnel young investors exclusively toward stocks and bonds.
