Woofun AI reports that Robinhood has launched the Trump Account application for iOS and Android, enabling eligible American families to activate accounts ahead of July 4, 2026 deposit commencement. The platform serves as the designated broker-dealer and initial trustee for the 530A Account, a tax-deferred investment plan authorized under the "Big and Beautiful" Act on June 9, 2025.

Eligibility extends to US children under 18 with valid Social Security Numbers. Those born between 2025 and 2028 receive an initial $1,000 contribution from the U.S. Treasury, while family members, friends, and employers may contribute up to $5,000 annually. The Bank of New York Mellon acts as the financial agent for this long-term investment vehicle designed for citizens born between January 1, 2025, and January 1, 2029.