# government-backed financial project tied to the Trump Accounts program.

*business · news · 2026-04-06 · CoinGape*

## Key points

- Robinhood will serve as brokerage and initial trustee for Trump Accounts under Treasury oversight.
- The Trump Accounts program includes a secure, white-label app developed with Robinhood and National Design Studio.
- BNY Mellon is appointed as the financial agent managing accounts and supporting program infrastructure.
- SpaceX may exclude Robinhood from its IPO retail share distribution, favoring E*TRADE instead.
- SpaceX is considering allocating up to 30% of IPO shares to retail investors, above typical levels.

**Companies:** Robinhood, BNY Mellon, Morgan Stanley
**Countries:** United States

[Read the full story on CoinGape](https://coingape.com/robinhood-joins-treasury-backed-trump-accounts-amid-spacex-ipo-rumors/)

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