Robinhood, MetaMask and Others Join OTL Initiative: Attempting to Solve the "Missing Coordination Layer" Problem in On-Chain Finance

Odaily Odaily reports that Robinhood, MetaMask, eToro and several other institutions, along with Fireblocks, Checkout.com, Cross River Bank, Securitize, Wintermute, etc., have jointly announced their participation in 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 for coordinating identity recognition, compliance verification, transaction information transmission, and execution processes among wallets, institutions, and AI agents, addressing the current integration fragmentation problem in on-chain finance where cross-institutional interactions are conducted in a fragmented, siloed manner.

Current alliance members include payment companies, trading platforms, wallets, market makers, and custody and stablecoin infrastructure, such as Robinhood, MetaMask, eToro, MoonPay, SoFi, Wintermute, etc., as well as foundations of multiple public chains like TON, Solana, Stellar, and Polygon. (Financefeeds)