London Stock Exchange Group Buys Fintech Firm TORA for $325M

London Stock Exchange Group Buys Fintech Firm TORA for $325M
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London Stock Exchange Group Buys Fintech Firm TORA for $325M

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 did not 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 küresel financial markets veri 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

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