Trump Accounts Launch with Historic Joint NYSE-Nasdaq Bell Ringing at Oval Office.

Republicans included the accounts in their sweeping 2025 tax and spending cuts bill as a way to give children access to stock index investments.

As part of a pilot programme, the U.S. Treasury Department will deposit $1,000 into accounts for children born between 2025 and 2028. The accounts are designed to track stock market growth, similar to retirement savings accounts.

A group of corporate executives attended the Oval Office event, including Dell CEO Michael Dell and Visa CEO Ryan Mc Inerney, investor Brad Gerstner said.

Speaking as he arrived at the White House, Robinhood CEO Vlad Tenev described the accounts as potentially transformative.

"This makes real the promise of the American dream, not for some but for everybody," Brad Gerstner said.

Treasury Secretary Scott Bessent said before the bell-ringing ceremony that 38% of American families have no exposure to equity markets.

On Monday, the New York Stock Exchange and Nasdaq jointly rang their opening bells from the Oval Office, with President Donald Trump presiding. It was a historic double first, as neither exchange had previously held the ceremony at the White House, and the two had never opened the trading day together.

The event marked the first day of trading for Trump Accounts, tax-advantaged investment accounts available to American children.