The trading platform eToro will add 120 ERC-20 standard tokens in its cryptocurrency wallet. ERC-20 is a technical standard that is used for token implementation. eToro will first include the Maker (MKR), Basic Attention Token (BAT), OmiseGo (OMG) along with others in the coming future.
eToroX, the subsidiary of eToro manages this crypto wallet. It operates under the regulation of the Gibraltar Financial Services Commission.
The Managing Director of eToroX states that the addition of 120 ERC-20 tokens is proof that all investable assets will get tokenized one day. The lack of access disrupts the mass adoption of crypto assets. Supporting these 5 tokens will allow more people to handle these tokens in a secure wallet.
Yoni Assia, the CEO of eToro says that the blockchain technology will someday overtake the traditional financial services with tokenization. Recently, eToro conducted a trial test to check the potential of Facebook’s Libra. It was a successful trial for issuing the tokenized assets on Libra protocol.