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tØ, the crypto subsidiary of Overstock (NASDAQ:OSTK) announced the acquisition of Wall Street brokerage firm SpeedRoute.
tØ, the crypto subsidiary of Overstock (NASDAQ:OSTK) announced the acquisition of Wall Street brokerage firm SpeedRoute.
According to CoinDesk:
TØ (pronounced t-zero), unveiled last month at Nasdaq’s New York headquarters, is a blockchain-based equities trading platform Overstock claims could revolutionise clearing and settlement. The SpeedRoute deal, it says, marks a momentous step toward connecting the crypto and capital markets.
In a press release, SpeedRoute CEO Joseph Cammarata, commented:
This collaboration allows Overstock to enter this new financial technology arena with a speed and aggression that I believe will revolutionise Wall Street, while adding an already profitable and cash-flow positive business right to Overstock’s bottom line. The winners are going to be investors and regulators alike.
Click here to read the full article on CoinDesk.