Nasdaq-listed eToro to roll out SGX stocks on platform in Asia expansion push

[SINGAPORE] Nasdaq-listed investment platform eToro is stepping up its focus on the Asia-Pacific as a key area for future growth, with Singapore serving as its hub for regional expansion.

It plans to add Singapore Exchange-listed stocks later this year, expanding its international equity offerings – which already include those from major bourses such as Euronext and the stock exchanges of New York, London, Hong Kong and Dubai.

“We will first focus on Singapore before starting to look at other regions, but it is definitely a part of a long-term plan to understand how to utilise Singapore as a hub (for) South-east Asia generally,” eToro founder and chief executive officer Yoni Assia told The Business Times in an interview.

He views Singapore as an ideal base for the Israel-headquartered company’s expansion plans, given its robust capital market. He described it as “one of the most active” globally and regionally, with a regulatory environment that supports transparency and innovation.

This push into the city-state follows eToro’s activation of its capital markets services licence from the Monetary Authority of Singapore last July.

“We are looking forward to launching all of our global products in Singapore, one after another, and expanding our business into this exciting new market,” Assia said.

For instance, eToro intends to launch a new feature for Singapore users later this year, enabling them to view and replicate investment strategies from global platform users.

While Singaporean investors already have access to global markets, he noted that navigating less familiar markets like Germany or Italy can be challenging.

This is where eToro’s social community model comes in, allowing users here to learn from others’ portfolios, and offering the option to automatically mirror the moves of top investors.

Sustainable growth

“Our strategy is always to focus on sustainable growth, and assets grew by 76 per cent year over year,” Assia noted, adding that the key is increasing both eToro’s customer base and the assets held on its platform.

In November 2025, the company reported that net contribution grew 28 per cent to US$215 million, while adjusted earnings before interest, taxes, depreciation and amortisation increased 43 per cent to US$78 million.

“We have always been working on developing our business drivers and lines in a way that is diversified,” said Assia.

He likened it to investment diversification, where spreading capital across different, uncorrelated assets can result in improved performance over time while reducing risk.

This principle, he explained, applies not just to the company’s investment strategies but also its business model – which is geographically diversified and includes various product offerings.

As part of its broader growth strategy, eToro is also exploring mergers and acquisitions, with talks with potential targets – including in Singapore – under way.

Assia also pointed out ongoing efforts to accelerate the platform’s offerings across cryptocurrencies, futures, options, capital markets, payments, subscription models and interest-bearing assets.

To support shareholder value, eToro’s board authorised a US$150 million share repurchase programme last November, including a US$50 million accelerated share repurchase.

Assia said the move reflects management’s view that the company’s valuation does not fully reflect its growth prospects. “I do believe that buyback is a good strategy for companies from a shareholder value perspective.”

Going public

Last May, eToro made its Nasdaq debut with a valuation of US$5.64 billion after its shares surged 34 per cent on the first day of trading. The company was the first US initial public offering after tariff uncertainty had delayed several planned market launches.

Assia views going public as “a step in the next step of growth”, helping to build greater trust with eToro’s customers and regulators while deploying capital into new markets.

“We will be able to use that strength of a public company to significantly scale eToro over the next five to 10 years,” he added.

Despite the expansion plans, eToro will remain focused on its customers, continuing to offer more tools and resources to help them navigate global markets, he said.

This includes introducing artificial intelligence-driven technologies, which could significantly enhance investing capabilities.

This commitment, he noted, has stayed unchanged since eToro was founded in 2007 – the vision is still to make trading accessible to anyone, anywhere, and reduce dependence on traditional financial institutions.