The renowned eToro digital wallet is now adding support for around 120 different ERC-20 tokens.
First to be enclosed within the digital wallet include Maker [MKR], Basic Attention Token [BAT], OmiseGO [OMG], with the others to follow in the “mere future.” ERC-20 is a technical standard that sets rules for tokens based on the Ethereum [ETH] blockchain.
Managing director of eToroX named ‘Doron Rosenblum,’ added:
“Adding over a hundred ERC-20 tokens to the eToro wallet is more ascertain of our belief that some day all investable assets are going to be tokenized. One among the major barriers to mass adoption of crypto-assets is lack of access. Creating these 1st five tokens offered permits additional individuals to transfer and hold them into a secure and managed wallet.”
The digital wallet is managed by eToroX, an eToro subsidiary that’s regulated by the GFSC [Gibraltar Financial Services Commission]. eToroX additionally launched a cryptocurrency exchange and 8 eToro-branded ‘stablecoins‘ earlier in the month of April.
The chief executive officer and co-founder of eToro named ‘Yoni Assia’, said at the time:
“Just as [eToro] has opened up the standard traditional markets for the investors, we wish to do the same within the tokenized world. […] ‘Blockchain‘ will eventually ‘eat’ traditional monetary services via tokenization.”
Parent firm eToro itself ‘launched‘ a cryptocurrency purchasing and selling platform and digital wallet service within the United States earlier in the month of March, having initially dived into the crypto area with the launch of bitcoin commerce on its platform back in 2014.