:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BALVYREFPFBJNFP7UWHIJ7NBZI.jpg)
Jamie Crawley is a CoinDesk news reporter based in London.
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.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/c94c53e3-b966-4701-8550-86d149ccb7f0.jpg)
Jamie Crawley is a CoinDesk news reporter based in London.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Jamie Crawley is a CoinDesk news reporter based in London.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PJTR3KRDWJCRVE3QREM6KUOK7A.png)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PFTJB3CBBZCGPEUSNCEZ7F3Z7U.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/JLZEMDTBJNGSXLHS2NEYTMRXAE.jpg)