Public Acquires Treasury App

Public, the AI-powered brokerage known as an "Agentic Brokerage," has acquired Treasury App, a platform focused on educating long-term investors. The acquisition will fold Treasury's community into Public's ecosystem, and Treasury co-founder Elias Rothblatt will take on the role of Senior Director of Operations at Public, concentrating on building an AI-centric investing experience.

"Elias and his team built a strong foundation around long-term investing and education, and we're excited to welcome those investors to Public," said Stephen Sikes, COO of Public. "With Elias joining our team, this is an important step as we continue building a more intelligent, AI-driven brokerage experience that expands what investors can access and how they invest."

Rothblatt echoed the sentiment, saying, "Treasury has always been about empowering investors through education and great tools. Once I got to know the Public team and saw their roadmap, joining forces just made sense. I'm excited for our customers to join Public, get access to the best AI investing tools I've seen, and for us to apply what we learned at Treasury to Public's entire community."

Creator communities hosted on Treasury, such as Her First $100k's Stock Market School, will transition to other platforms to continue providing educational resources and live events. Treasury customers moving to Public will have their assets automatically transferred, with all positions remaining unchanged. Those who prefer not to join Public can opt out by transferring their accounts to another broker via ACAT or by selling their positions and withdrawing cash.

Founded in 2019 and headquartered in New York City, Public has raised over $400 million from investors including Accel and Tiger Global. The platform offers stocks, bonds, crypto, options, and AI tools. Treasury App, built by Rothblatt and Ivar Vong, had served more than 40,000 investors who collectively invested over $100 million. It raised $2.5 million from backers such as Bloomberg Beta and Canaan.