The global investment firm looks to eventually tokenize all assets on its platform.
While most meet an early spring Monday morning with an allergy pill and a tired sigh, global investment platform eToro came bursting out of the gates. eToro announced today, March 25, that the platform has acquired[1] an EDCC (aka smart contract) startup, Firmo, on top of adding[2] TRON's TRX token as a tradeable asset on its crypto trading service.
As stated in the Firmo acquisition press release, the Copenhagen-based startup works to allow EDCCs for derivatives "to be securely enabled on any major blockchain." The startup itself has developed[3] a domain-specific contract language it calls "FirmoLang." Using FirmoLang, the startup is able to "securely execute financial instruments with tokens on any blockchain," public or private, including Ethereum, EOS, and NEO.
With eToro, Firmo will act as an "internal innovation unit," working on the research and development of infrastructure for trade processes on a blockchain and asset tokenization. Essentially, Firmo is part of the global investment platform's eventual goal of "tokenizing all assets on eToro."
As for eToro's trading platform, with the TRX announcement, the token becomes the fifteenth tradeable crypto asset on the platform, which includes bitcoin, Ethereum, Litecoin, bitcoin cash, Ripple, and Stellar. The platform was launched[4] in the US just a few weeks ago on March 7. Emphasizing a social side of trading, the trading platform's CopyTrader feature allows users to "allocate funds to automatically trade proportionally to the portfolio of another user." For those traders being copied, after meeting unspecified eligibility requirements, they are able to be compensated for their performance on the trading platform.
In its own announcement[5] posted on Medium, TRON
