Fortress Investment Group LLC (NYSE:FIG, “Fortress”) today announced that certain Fortress managed funds and accounts (“Fortress Credit Funds”) have acquired a limited partner interest in Red Rocks Energy Partners L.P. to own and develop oil and gas assets in over 7,200 acres in the SCOOP play in Grady, McClain, and Garvin Counties, Oklahoma.

Overstock.com, Inc. CEO Patrick M. Byrne will present the blockchain-based asset trading platform developed by the company’s financial technology subsidiary, t0.com, Inc. The software demo will take place at the prestigious Global FinTech Hackcelerator, organized by the Monetary Authority of Singapore. t0 is one of just 19 firms, selected from a competitive pool of 655 applicants worldwide, to participate in the competition.

The presentation will take place at the Red Dot Design Museum on Nov. 15 between 9:30 a.m. and 10:00 a.m. Singapore time (UTC +8).

I guess in concluding this weeks’ thoughts, I’m left reflecting on a similar idea to the one I blogged a couple of weeks ago about a world turned on its head.  This time it’s a different take on the same conundrum.  We live in the developed economies complaining about legacy; developing economies are just excited abou

Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, announced today that it has acquired a controlling stake in Sporter.com, the leading online retailer of sports and nutrition supplements in the GCC, operating in a rapidly growing sector of the digital economy. Sporter.com’soperations are located in state- of-the-art facilities across multiple countries, which allows the company to provide a convenient, timely and price-effective service to customers in the Arab region.

Gemalto, the world leader in digital security, is partnering with Colorado, Idaho, Maryland, and Washington D.C. to pilot digital driver's licenses (DDLs). Gemalto received a government grant to support these jurisdictions to pilot the development of a smartphone-based credential, and will implement an interoperable solution of a magnitude not seen before in the market. This partnership includes a two year grant from the U.S.

 Diebold, Incorporated today announced it has finalized its previously announced joint venture agreement with the Inspur Group. This agreement allows the newly combined Diebold Nixdorf to better provide a complete range of self-service solutions within the China market, including automated teller machines (ATMs), non-cash terminals and kiosks, in accordance with Chinese regulations. Also, Diebold Nixdorf will serve as the exclusive distributor outside of China for all products developed by the new joint venture, which will be sold under the Diebold Nixdorf brand.

 V-Key, a global leader in digital security, and Ant Financial Services Group, the leading global tech company that provides online and mobile financial solutions, have entered into a collaboration. Under the partnership, V-Key will provide a virtual software solution called V-OS for Ant Financial to help secure transactions on AliExpress, one of Alibaba Group's international retail ecommerce platforms. (Ant Financial is a related company of Alibaba Group).

Kroll Bond Rating Agency (KBRA) announced today the appointment of Patrick Welch to the role of Chief Credit Officer. Pat will be reporting to Jim Nadler, President and COO.

HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. , yesterday completed its previously announced purchase of two retail deposit branches and related deposit accounts from Boston Private Bank & Trust Company (“Boston Private”).  The branches, located in southern California, are expected to add approximately $104 million in deposits and increase the bank’s retail deposit branch network to 13 in southern California.