Robinhood's CEO, Vlad Tenev, believes the partnership with the U.S. Treasury Department will drive exposure to the company among emerging investors, benefiting its future growth. The Treasury has selected Robinhood and BNY Mellon to power Trump accounts, tax-deferred, custodial-style investment accounts for children set to launch this summer with a $1,000 seed contribution from the government for kids born between 2025 and 2028. The accounts will be fee- and commission-free for customers and are part of Robinhood's mission to "democratize finance for all". As of March 31, over 4 million children have been signed up for these accounts.