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.

The firm’s Medici division launched tØ to great fanfare in mid-2015 after the e-tailer first began to work on securities trade tools a year prior.

Last year, Overstock used its tech to kick off its own blockchain-based securities offering, going on to raise about $1.9m by way of shares sold on the platform.

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