Robinhood and MetaMask Join OTL Initiative to Address On-Chain Finance Coordination Gaps

KuCoinFlash

Release Time: 05/29/2026 12:24:47

Summary

Robinhood, MetaMask, and eToro have joined the Open Transaction Layer (OTL) initiative alongside Fireblocks and Checkout.com to build a unified protocol for on-chain finance. The OTL aims to streamline identity verification, compliance, and transaction execution across wallets, institutions, and AI agents using on-chain data. The group includes payment companies, exchanges, and public chain foundations such as Solana and Polygon. On-chain analysis will play a key role in enhancing coordination and reducing fragmentation in cross-institutional finance.

Odaily Planet Daily reports that Robinhood, MetaMask, eToro, and multiple other institutions have joined forces with Fireblocks, Checkout.com, Cross River Bank, Securitize, and Wintermute to launch the Open Transaction Layer (OTL) initiative, aiming to establish a unified transaction coordination protocol layer for on-chain finance.

OTL is positioned as an open protocol stack designed to coordinate identity verification, compliance validation, transaction information exchange, and execution workflows between wallets, institutions, and AI agents, addressing the fragmented integration issues in on-chain finance where entities currently operate in isolation.

Current alliance members include payment companies, exchanges, wallets, market makers, and custody and stablecoin infrastructure providers such as Robinhood, MetaMask, eToro, MoonPay, SoFi, and Wintermute, along with blockchain foundations including TON, Solana, Stellar, and Polygon. (Financefeeds)

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