President Trump has signed an executive order establishing a U.S. government-owned sovereign wealth fund, potentially positioning it to profit from a TikTok deal if the platform secures an American buyer.

The fund aims to "maximize the stewardship of our national wealth" and could potentially manage a 50% stake in TikTok, following the platform's recent 75-day stay on its ban to find an approved partner or buyer.

Key details about the sovereign wealth fund:

• The U.S. Federal government currently holds $5.7 trillion in direct assets
• Treasury Secretary Scott Bessent and Commerce Secretary nominee Howard Lutnick will oversee the fund's creation
• Administration aims to launch the fund within 12 months
• Congressional approval will likely be required
• Initial plan must be presented within 90 days

Global context:

• Over 90 sovereign wealth funds exist worldwide
• These funds collectively manage more than $8 trillion in assets
• 23 U.S. states already maintain their own funds, controlling $332 billion in total assets
• Largest state funds include Alaska, New Mexico, and Texas, primarily funded through oil, gas, and mineral revenues

The fund could potentially incorporate various national assets beyond TikTok, though specific details about other potential investments haven't been disclosed.

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