China Minsheng-backed eToro acquired Danish Firmo Network.

Global multi-asset investment platform eToro acquired Firmo, a solutions provider for derivatives to be securely enabled on any major blockchain. Financial terms were not disclosed. Commenting on the news Yoni Assia, Co-founder and CEO of eToro, said: "The acquisition of Firmo will enable eToro to accelerate the growth of our tokenized assets offering. Blockchain and the tokenization of assets will play a major role in the future of finance. We believe that in time all investible assets will be tokenized and that we will see the greatest transfer of wealth ever onto the blockchain."