On Feb. 3, United States President Donald Trump signed an executive order to explore the creation of a sovereign wealth fund within the next year.

This initiative could position the US alongside other nations with similar funds that use government resources for investments.

The executive order directs the Treasury and Commerce Departments to draft a plan for the fund within 90 days.

This plan will include information on funding sources, investment strategies, fund structure, and governance details.

Trump suggested that the sovereign wealth fund might be involved in acquiring TikTok, but no details have been provided.