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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.

By Jamie Crawley
AccessTimeIconFeb 22, 2022 at 12:13 p.m. UTC
Updated May 11, 2023 at 5:57 p.m. UTC
London Stock Exchange Group Building (Shutterstock)
London Stock Exchange Group Building (Shutterstock)
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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.
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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter

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