tØ Acquires Brokerage Firm SppedRoute

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.