Exploring the opportunities of tokenization with the new exchange
The Daily Hodl reports that back in March, eToro revealed the acquisition of smart contract startup Firmo in order to boost tokenized assets.
The startup is based in Copenhagen, and it uses the underlying tech that’s designed to allow eToro to securely deploy financial contracts, and it also supports various blockchain platforms including NEO, ETH, and EOS.
“The blockchain brings transparency and a new paradigm for asset ownership. In time, we will see the tokenization of all traditional asset classes, as well as the emergence of new asset classes such as tokenized art, property or even IP,” eToro CEO and founder Yoni Assia said.
Assia continued and said that “Cryptoassets are just the first step on this journey and we are excited to explore the opportunities offered by tokenization with the launch of our exchange.”