eToro, a well-known multi-asset investment entity, has announced the exclusive acquisition of Zengo, a self-custodial wallet for crypto assets. The acquisition focuses on advancing self-custody capabilities to bridge the gap between the on-chain economy and conventional finance. As per eToro’s official press release, the buyout enables the integration of the leading multi-party computing (MPC) mechanism of Zengo. This improves security while also broadening the digital asset offerings.
Big news! eToro is acquiring @ZenGo a leading self-custody crypto wallet.
This acquisition moves us closer to the intersection of traditional finance and the on-chain economy, bringing Zengo’s pioneering MPC technology to the eToro family.
Read more about our vision for the…
— eToro (@eToro) April 15, 2026
eToro Fortifies DeFi Capabilities with Robust Self-Custody Solutions
eToro’s acquisition of Zengo denotes the growing significance of robust self-custody solutions at a time when DeFi is reshaping the wider investor expectations. The contract will merge the multi-asset platform of eToro with the non-custodial wallet technology of Zengo, backing the next chapter of the digital asset functionalities of eToro. So, the integration is anticipated to bolster the platform’s endeavors to back the advancing utilities like tokenized assets, prediction markets, perpetuals, and decentralized trading frameworks.
While reflecting on this acquisition, eToro’s CEO and Co-founder, Yoni Assia, expressed enthusiasm. The executive highlighted the rising demand for user-controlled, decentralized, and digital financial services. Thus, self-custody plays a crucial part in this evolution with the inclusion of the secure and innovative wallet experience that Zengo provides.
Zengo has emerged as a pioneer player when it comes to MPC cryptography, providing a keyless wallet model. The respective architecture is poised to improve security, along with streamlining self-custody. The platform also delivers an inclusive crypto experience, taking into account token on- and off-ramps, swaps, and dApp access. With this, Zengo becomes a comprehensive platform for self-custodial services.
Improving On-Chain Experience with Yield Products, Perpetuals, and Prediction Markets
eToro deems this acquisition a crucial step in expanding access to innovative decentralized products. In this respect, Zengo’s CEO and Co-founder, Ouriel Ohayon, pointed out that the collaboration permits the platform to advance its objective of simplifying and securing self-custody for daily users. The executive added that the partnership also lets Zengo scale globally, alongside bridging self-custodial solutions and a wider investing network. Ultimately, the move underscores the increasing demand for user-friendly and secure crypto solutions, apart from strengthening investors with control and choice in the digital asset landscape.