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London Stock Exchange Group Buys Fintech Firm TORA for $325M
The acquisition opens the door to the possibility of LSEG offering crypto or non-fungible token (NFT) trading in the future.
The London Stock Exchange Group (LSEG) has bought TORA, a provider of technology for the trading of multiple asset classes including crypto, for $325 million.
- The acquisition will add digital assets to LSEG's trading capabilities, the group announced on Tuesday.
- The deal opens the door for LSEG to offer crypto or non-fungible token (NFT) trading in the future. NFTs are digital assets on a blockchain that represent ownership of virtual or physical items.
- LSEG didn't respond to request for comment at press time.
- The acquisition is expected to close in the second half of this year, subject to regulatory approval.
- As the parent company of the London Stock Exchange, LSEG is a provider of global financial markets data and infrastructure.
- TORA provides systems for order and execution management and portfolio management for the trading of equities, fixed income and derivatives as well as digital assets.
Read more: A National Stock Exchange That Supports NFTs? Welcome to Switzerland
STORY CONTINUES BELOW
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
