Post-IPO, eToro Eyes Own Blockchain Amid Tokenized Stocks Push, CEO Yoni Assia Says Talks Underway With Multiple Ecosystems
eToro Group Ltd. (NASDAQ:ETOR) is evaluating partnerships to potentially launch its own blockchain network, CEO Yoni Assia said on Tuesday, as the newly public trading platform seeks to handle millions of monthly transactions on crypto rails.
The Israeli online brokerage, which went public on Nasdaq in May, is in discussions with “four or five” different blockchain ecosystems about creating a sidechain, Assia told Fortune. He declined to identify the specific partners but emphasized that a launch remains months away.
The Need For Own Blockchain
“We can’t run today the millions of transactions that we’re transacting on a monthly basis on existing blockchains,” Assia said. “We’ll need, by definition, to have a dedicated blockchain if we want to run the entire eToro ecosystem.”
Why EToro’s Blockchain Ambitions …
About The Author
