Etoro Prepare itself at a turning point: Yoni Assia, CEO of the platform that has been mentioned on Nasdaq since May, confirmed in an interview about Fortune the opening to his blockchain To support millions of monthly transactions and to accelerate the range of new digital assets such as Tokenized shares on Ethereum.
What is Etoro’s own blockchain and why is that necessary?
Assia explained that The current blockchain infrastructure is not enough To support the enormous volume transactions that is managed by Etoro every month. “We cannot handle millions of monthly transactions on the existing networks,” explains the CEO. For this reason, Etoro is considering a sideways -like: a “light chain” that is connected to a main blockchain, able to process faster and cheaper operations while maintaining the main system protection.
The company is in Advanced negotiations with 4 or 5 platforms Technology partners choose, but has not mentioned one yet. No launch is expected soon, but the direction is clear: with a patented blockchain, Etoro wants to improve the entire ecosystem, from trade to digital assets, to interoperability between portfolios.
What changes for users with the tokenization of shares?
Assia has the tokenization of the most popular shares and ETFs In the United States, directly on Ethereum. The tokenization process transforms traditional shares into digital ERC20 assets (the token -standard on Ethereum), making it possible to handle, transfer and manage the trade 24/5 automatically, against the current limitations of stock market hours.
There will be a launch 100 tokenized shares and ETFsIncluding the most important names of the US. European users will initially have access via a special waiting list, with the promise of subsequent expansion.
The tokenized shares will be Transferable between Etoro Digital WalletsFreeing the road for decentralized finances, even for regulated effects. A strong advantage, given that other competitors (such as Robinhood) take similar steps, but in the midst of many regulatory concerns.
How does Etoro fit in the race for the tokenization of Wall Street?
After the announcement, Bloomberg Confirmed that the Etoro initiative follows Robinhood’s, who promised tokenized assets for European customers. In contrast to Robinhood, however, Etoro has opted for a standard technology (Ethereum, ERC20) and gradual access methods (waiting list, only in the first instance) to prevent controversies and regulatory risks.
Robinhood has had problems after an airdrop of “OpenAi -Tokens” turned out to be a derived contract and not actual equity: the news led to criticism from American regulatory authorities. Etoro Instead, focus on transparency, compliance and a step -by -step approach: every tokenized assets corresponds to real underlying shares or ETFs.
The transferability Wallet-to-Wallet brings traditional finances closer to the principles of Defi (decentralized financing), where control remains in the hands of the users, albeit on regulated infrastructures.
What is the market reaction: does Etor lose ground?
Despite the news, the price of Etor (The Etoro shares mentioned on Nasdaq) experienced a decline: -4% on June 18clap $ 60 per share compared to the record of $ 79 achieved on June 10, for a general loss of 24%. The market seems to be waiting for concrete evidence about the effectiveness of the blockchain model and the real potential of large-scale tokenization.
Graph of the prize trend of the Etor shares since the list on the stock exchange. Source: Yahoo Finance
TradingView shows the downward trend in the past week, with investors closely monitoring the actual acceptance of Tokenized shares and future partnerships in the blockchain sector.
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Etor quotes from TradingView
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What are the risks and benefits for Etoro customers?
Those who join the waiting list for Azioni Tokenizzaat Can benefit from fast trade, extended hours and greater flexibility when managing their digital assets. However, risks with regard to regulations, token volatility and the security of the blockchain infrastructures used remain.
Assia promises maximum caution and regulatory cooperation to avoid “Robinhood cases”. The gradual approach, initially limited to Europe and internal Etoro portfolios, indicates caution but also a clear willingness to open a new season of classical trade, with tokenized assets Finally available 24/7.
What is happening now: effects and future prospects for trade and blockchain
ASSIA’s announcement marks a change of pace: The hybridization between traditional and defi Now enter the operational phase, but the real game will depend on:
- Assets of the future Etoro -Blockchain to really support “millions of transactions”
- User feedback on tokenized shares and 24/7 usability
- Response from supervisors and competition in the US and Europe
With the competition in this area and the markets are becoming more and more reactive to technical innovations, The future of Tokenized trade could change face in the coming weeks. Follow the Etoro community and the upcoming official announcements not to miss updates on blockchain and financial tokenization.