Tokenization is a process by which a representation of a real-world asset is created using a digital token, which is made available on the blockchain. We believe any asset has the potential to be tokenized – from property to commodities to paintings.
We believe that in the future all assets will be tokenized and that tokenization has the potential to make the process of investing in real-world assets more efficient. We also believe that token ownership will help to create a new economic model, and fractional ownership enables new diversification models. Moreover, tokenization helps eliminate temporal and territorial barriers encouraging investing for everyone.
eToro’s vision is to open the global markets for everyone to trade and invest in a simple and transparent way…
If you currently hold any of eToro crypto tokens in your eToro Money Crypto Wallet, you can convert them to one of the Wallet’s supported cryptoassets. Please note that if you have not converted the tokens by 23:59 GMT on June 3, 2023, you will automatically be reimbursed the USD value of your eToro crypto tokens at the rate available to eToro at the time of closure, directly into your eToro investment account, within seven business days. If you hold the tokens in a location other than the eToro Money Crypto Wallet, you can send them back to the Wallet and convert them to one of the Wallet’s supported cryptoassets. For more information, please contact eToro Customer Services.
Please note that any such reimbursement is executed on a goodwill basis, and not due to any legal or regulatory obligation.
Note: There could be tax implications. Please contact your tax advisor for more information on how this can impact your personal tax exposure.