The Department of the Treasury announced Monday that The Bank of New York Mellon Corporation and Robinhood will manage the Trump Accounts program.

The Treasury Department designated BNY as the financial agent to manage Trump accounts. BNY will also partner with Robinhood on a Trump accounts app.

The Department of the Treasury announced Monday that The Bank of New York Mellon Corporation and Robinhood will manage the Trump Accounts program.

Robinhood's U.S. Treasury partnership will help drive emerging investors' exposure to the company, benefiting its future growth, according to Vlad Tenev.