The transaction strengthens eToro’s ability to support evolving digital asset use cases
eToro has entered into an agreement to acquire Zengo, a leading self-custodial crypto wallet provider, in a move that deepens eToro’s digital asset capabilities and accelerates its strategy of connecting traditional finance with on-chain infrastructure and the crypto native economy.
The acquisition brings together eToro’s global multi-asset platform and distribution with Zengo’s non-custodial wallet technology, supporting Zengo’s next phase of growth while expanding eToro’s digital asset capabilities, according to a press communication.
The transaction strengthens eToro’s ability to support evolving digital asset use cases, including tokenized assets and emerging decentralized trading models such as prediction markets and perpetuals, as these markets develop.
Secure wallet experience
“Zengo has built an innovative and secure wallet experience, and this acquisition will enable us to accelerate its growth while continuing to provide users with choice in how they access digital assets,” observed Yoni Assia, Co-founder and CEO, eToro.
Founded in 2018, Zengo is a pioneer in multi-party computation (MPC) cryptography and provides a market-leading crypto wallet, known for its keyless wallet architecture designed to enhance security while simplifying self-custody.
“Joining eToro allows us to accelerate that mission at a global scale. Together, we can expand access to self-custody and on-chain finance while connecting it to a broader investing ecosystem that bridges traditional and on-chain finance,” stated Ouriel Ohayon, Co-founder and CEO, Zengo.
