eToro has agreed to acquire self-custody wallet provider Zengo, signalling a deeper move toward on-chain finance and user-controlled digital assets.
The deal is meant to strengthen eToro’s crypto infrastructure while connecting traditional investing with decentralized financial systems. Zengo, which is known for its keyless multi-party computation wallet technology, will be integrated into eToro’s platform to give users broader access to non-custodial crypto services.
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
What is self-custody in crypto and why does it matter?
Self-custody in crypto means you control your own private keys, so you fully own your digital assets without relying on an exchange or third party.
It gives you more security and independence, since risks like exchange hacks or account freezes are reduced. But it also means the responsibility is entirely yours. If you lose your keys, you lose access to your funds permanently.
Expansion into tokenized assets and decentralized markets
eToro said the integration will help support future products tied to tokenized assets, prediction markets, perpetual trading, and yield-based instruments as the crypto space continues to grow.
By combining its multi-asset trading platform with Zengo’s wallet technology, the company is aiming to create a single access point for both traditional finance and blockchain-based markets.
Zengo’s system, built on multi-party computation, removes the need for traditional private keys while still allowing users to keep full control of their assets. This model has become increasingly popular among retail users seeking a simpler, more secure way to get started with crypto.
Strategic shift toward user-controlled finance
The acquisition reflects a wider industry shift toward self-custody as digital assets gain global adoption. Platforms are no longer just acting as exchanges; they’re evolving into full financial ecosystems.
According to eToro’s leadership, the long-term goal is to build a system where users stay in control of their assets while easily accessing both centralized and decentralized markets.
Zengo’s team will continue building under eToro, with a focus on expanding access to on-chain financial tools and improving the overall user experience across crypto investing, staking, and decentralized applications. The digital trading platform announced a major step toward merging traditional finance with blockchain technology by launching tokenized U.S. equities on the Ethereum blockchain.
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