Billionaire investor Ray Dalio will help fund the Trump administration's investment accounts for certain children in Connecticut as part of an effort to secure donors for every U.S. state, Treasury Secretary Scott Bessent said Wednesday.

Twenty other U.S. states are considering adding funds to the so-called Trump accounts, Bessent said at an event to tout the investment accounts for children born between 2025 and 2028.

President Donald Trump detailed the inner workings of his "Trump Accounts" plan during an Oval Office address on December 2, offering new insight into the proposed savings tool and the administration's goal of giving American children "a real financial head start."

Trump Accounts are tax-deferred savings accounts for children under 18, modeled after a traditional IRA, and set to open for contributions on July 4, 2026.

The accounts would be available to any child under 18 with a valid Social Security number and would include an initial $1,000 government contribution for babies born between Jan. 1, 2025, and Dec. 31, 2028. That contribution would not count against the annual $5,000 limit.

A $1,000 "Trump account" seed investment could grow to about $5,600 by the time a child reaches 18, based on the S&P 500's average annual return for nearly the past 70 years.

The accounts are designed to build long-term savings through market gains — an approach supporters say expands access to wealth-building tools traditionally used by families who already invest.