Blockchain-powered securities trading platform tØ has acquired the assets of a Singapore technology firm as part of plans to enhance its information services.
The firm, Blue Ocean Financial Technology, is a finance data service provider, with a special focus on delivering information related to US securities.
Using the Blue Ocean assets, tØ – which is backed by online retail giant Overstock – is setting up a new company outside of the US, with an eye to use its infrastructure to deliver real-time market information.
TØ president Joe Cammarata said in a statement:
Overstock has acquired other firms, including Wall Street brokerage firm SpeedRoute, as part of the build-up of the platform.
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