Robinhood CFO Says States Seek to Replicate Trump Accounts (1)

Robinhood Markets Inc.Chief Financial Officer Shiv Verma said states and other public-sector organizations have approached the company about partnering on their own versions of “Trump accounts” to set up early investment vehicles for newborns.

The White House initiative, which launched its app this week, could serve as a model for institutions ranging from government agencies to nonprofits that want to create or update their own similar programs, Verma said.

“We’ve shown we know how to work with the US Treasury, which is a very high bar,” Verma said of the venture, which also includes Bank of New York ...