The online brokerage eToro is exploring whether to spin up its own blockchain, CEO Yoni Assia told Fortune in a Tuesday interview. “We’re now evaluating a couple of potential partnerships with both layer 1s and layer 2,” he said, referring to two different types of blockchains. “So, we might launch basically a side chain of eToro.”
The Israeli stock trading company, which recently went public in May on the Nasdaq, is speaking with “four or five” different blockchain ecosystems, he said, declining to specify which ones. He was quick to say that any launch isn’t imminent. Still, if eToro decides to put a portion of its operations on crypto rails, a side chain—crypto industry lingo for a light-weight blockchain built on top of another one—makes sense, he said.
