Multi-asset trading platform eToro announced on Monday the acquisition of Danish smart contracts development company Firmo.
The financial terms of the deal have not been disclosed, but eToro co-founder and CEO Yoni Assia explained the rationale behind the move:
“The acquisition of Firmo will enable eToro to accelerate the growth of our tokenized assets offering. Blockchain and the tokenization of assets will play a major role in the future of finance. We believe that in time all investible assets will be tokenized and that we will see the greatest transfer of wealth ever onto the blockchain.”