Fireblocks, Robinhood, and MetaMask Join Industry Push to Launch Open Transaction Layer

According to the latest update, Robinhood, MetaMask, eToro and other participants are advancing Open Transaction Layer as a unified protocol stack for identity, compliance, messaging and execution across onchain finance.

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Summary

Open Transaction Layer, or OTL, is being developed as a unified transaction coordination protocol for onchain finance, with participants including Robinhood, MetaMask, eToro, Fireblocks, Checkout.com, Cross River Bank, Securitize, Wintermute, TON, Solana, Stellar and Polygon. The initiative aims to provide an open protocol stack that coordinates identity, compliance, transaction messaging and execution across wallets, institutions and AI agents. This expands the previously reported participant list and further positions OTL as infrastructure intended to improve interoperability and reduce operational complexity in digital finance.

Terms & Concepts
  • Open Transaction Layer: An open standard and protocol stack for coordinating identity, messaging, compliance and transactions across onchain finance systems.
  • onchain finance: Financial activity that takes place on blockchain networks, often involving wallets, digital assets and automated transaction flows.