eToro and Zengo announce acquisition to expand self-custodial crypto wallet capabilities
DUBAI, UAE — April 25, 2026 — Trading platform eToro announced the acquisition of self-custodial wallet provider Zengo to enhance its crypto offerings. The deal combines eToro’s global multi-asset platform with Zengo’s secure keyless MPC technology, enabling better support for digital assets and evolving use cases like tokenized assets. The acquisition was announced April 15, 2026.
Announcement Specifics
The acquisition value remains undisclosed, though Bloomberg reports it at approximately $70 million. Subject to closing conditions, the deal will integrate Zengo’s keyless multi-party computation (MPC) wallet—which has never been hacked—into eToro’s ecosystem. Zengo’s wallet offers on/off ramps, swaps, staking, and decentralized application access. Founded in 2018, Zengo will remain operationally separate from eToro’s regulated services. No specific closing timelines, transaction volumes, or MENA hub operations were disclosed.
Stakeholder Perspectives
“Zengo has built an innovative and secure wallet experience, and this acquisition will enable us to accelerate its growth while continuing to provide users with choice in how they access digital assets.”
— Yoni Assia, Co-Founder and CEO at eToro
Why it matters: This positions eToro to prioritize user security and choice amid rising demand for self-custody solutions in the evolving crypto landscape.
“From day one, Zengo has focused on making self-custody simple and secure for everyday users. Joining eToro allows us to accelerate that mission at a global scale. Together, we can expand access to self-custody and on-chain finance while connecting it to a broader investing ecosystem that bridges traditional and on-chain finance.”
— Ouriel Ohayon, Co-Founder and CEO at Zengo
Why it matters: The alignment signals mission synergy for mainstream adoption, bridging traditional finance with decentralized finance infrastructure.
Industry Context
Self-custody is growing increasingly vital as decentralized finance, tokenized assets, and DeFi models including prediction markets gain traction. eToro’s strategic acquisition timing aligns with the implementation of MiCA (Markets in Crypto-Assets) regulations across Europe, positioning the company to build during crypto market stabilization periods. While both eToro and Zengo have Israeli origins, no MENA-specific operational details or regional hub expansions in Riyadh, Dubai, or Abu Dhabi were disclosed in this announcement.
Conclusion
This acquisition positions eToro to lead on-chain integration by boosting secure self-custody capabilities and bridging traditional finance with decentralized finance for users worldwide. The combined entity aims to accelerate mainstream adoption of self-custodial solutions at global scale.
Sources: The Fintech Times, eToro, Bloomberg, Fintech Weekly
