the The Investment and claims to be the world’s leading Social Trading platform for eToro has incorporated Recently the Danish Blockchain-Start-up Firmo. Firmo is specializing in the creation of Smart Contracts for financial derivatives. With the acquisition of eToro wants to encourage especially the tokenization of Assets.
By Christopher clover
On the 27. March 2019BTC$4.010,21 2.01%Facebook Twitter LinkedIn xing mail
The Investment platform eToro with Firmo recently, a Danish Blockchain Start-up acquired. The company announced on 25. March in a press release known. In this Yoni Assia, eToro CEO and Co explained-Founder, the rationale behind the purchase of Smart Contracts, financial derivatives company specialized:
The Acquisition of Firmo will enable eToro to accelerate the growth of our supply of tokenized systems. The Blockchain and the Tokenization of Assets will play in the future of Finance a large role. We believe that with time all the assets are converted to values in the Token and we will experience an unprecedented Transfer of assets to the Blockchain.
Yoni Assia, CEO of eToro
The new arrivals of Firmo should be able to trade for eToro at work, which lead to the stated goal of all kinds of Assets in token isolated Form.
This is not least also in the interest of the mass adaption, says at least currencies Firmo-in-chief, Omri Ross:
The advent of Crypto and the Blockchain technology that underlies them, has led to an Explosion of financial innovation; however, a number of challenges to mass adaptation and Integration into the existing infrastructure prevent it. Our goal is to enable our users to trade all assets worldwide, by parallelizing assets, tokens, and all the main commercial processes on the Blockchain to run.
Dr. Omri Ross, CEO of Firmo
Token-Token
EToro is your Vision of a tokenized (commercial)world, of course, not alone. After a majority of the ICOs of the past years who has had a belly landing, were affected by the Calls for a regulated variant of the risk investment vehicle, according to. A rapidly increasing number of Security Token Offerings (STOs) wants to remedy the situation. The concept of Tokenization is also necessary to ensure, beyond the financial world for breaks, Sven Wagenknecht addressed in a comment.
if You want to learn more about STOs? In the current issue of crypto-compass, we have taken the issue more closely and to show what is hidden behind the new crypto-IPOs and what should investors in the selection: 1. Edition free
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