President Donald Trump on Monday signed an executive order ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund for the United States.

The president signed an executive order Monday that kicked off the process of creating a sovereign wealth fund with the goal of generating more revenue for the government. Trump also suggested the fund could be used to purchase TikTok — the popular video-sharing app subject to a ban if it is not spun off from ByteDance,

Donald Trump has set in motion plans for a US sovereign wealth fund, aiming to leverage government-owned assets for national wealth generation. With comparisons to global funds like Norway’s and Saudi Arabia’s,