eToro Acquires Smart Contract Startup for Tokenized Asset Boost – CoinDesk

  • Social investing platform eToro has just announced the acquisition of Firmo – a smart contract startup that enables derivatives to be tokenized “on any major blockchain.
  • While the purchase amount was not disclosed, eToro co-founder and CEO Yoni Assia said that the move is aimed to “accelerate the growth of our tokenized assets offering.
  • Describing eToro’s expansion so far as “largely organic,” Assia said his firm is seeking to acquire businesses that can “help us stay at the forefront of fintech innovation.
  • Our goal is to enable our users to trade any asset globally with instant settlement by tokenizing assets and executing all essential trade processes on the blockchain.

Read full article: coindesk.com