President Donald Trump said Monday that TikTok could be acquired by a newly proposed US sovereign wealth fund.

Trump’s executive order creates a sovereign wealth fund to invest in key sectors and possibly acquire TikTok. Here’s how sovereign wealth funds work.

President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he’s successful at finding the company an American buyer.

President Donald Trump on Monday ordered the creation of a government-owned sovereign wealth fund of financial assets, which he said possibly could be used to buy TikTok.

President Trump on Monday directed secretaries to begin a process to create an American sovereign wealth fund, suggesting it could partially own the popular app TikTok. The president signed an executive order in the Oval Office to have Treasury Secretary Scott Bessent and Commerce secretary nominee Howard Lutnick create and lead such a fund.

President Donald Trump signed an executive order on Monday to create a U.S. sovereign wealth fund and suggested that it could be used to purchase TikTok.

"GREAT INTEREST IN TIKTOK! Would be wonderful for China, and all concerned," Trump wrote in a post on Truth Social. The app's fate has been up in the air since a law requiring its Chinese owner ByteDance to either sell it on national security grounds or face a ban took effect on Jan.