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World Blockchain Roadshow 2018 – Asia and Europe • June 28 - August 18, 2018

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Tag: SpeedRoute

Overstock Brings Blockchain to Wall Street; Acquires SpeedRoute for US$30.3 Million

Category: Business, Finance, News

Overstock Brings Blockchain to Wall Street; Acquires SpeedRoute for US$30.3 Million

American online retail giant Overstock has acquired SpeedRoute LLC brokerage firm that currently handles approximately 2.5% of U.S. equity order flow for US$30.3 million, with an aim to disrupt Wall Street with a decentralized settlement system platform called TØ. The acquisition, which consists of approximately $11 million in cash and 900,000 shares of Overstock’s common stock valued at $19.3 million,…

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