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.

AccessTimeIconFeb 22, 2022 at 12:13 p.m. UTC
Updated Feb 22, 2022 at 3:23 p.m. UTC

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.

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Jamie Crawley is a CoinDesk news reporter based in London.

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Jamie Crawley is a CoinDesk news reporter based in London.

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