As mainstream interest in cryptocurrencies grows, LSEG said the acquisition of TORA will help expand its trading and banking business globally.
TORA supports customers trading multiple asset classes including equities, fixed income, and digital assets across global markets. It offers LSEG the ability to better compete in Asia and North America where TORA has a presence.
The move is the latest in a growing trend of major financial institutions swooping on digital firms in the expectation they will upend trading processes in the sector.
LSEG bought a stake in London-based Nivaura in 2019, betting on a digital platform which was behind the world's first automated cryptocurrency-denominated bond issuance.
TORA partnered with investment firm Kenetic in 2018 to launch crypto trading platform Caspian which provides a single interface into all major crypto exchanges.
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