PANews reported on December 1st that, according to CoinDesk, digital asset platform Gleec announced the acquisition of the entire Komodo platform ecosystem for $23.5 million, bringing one of the earliest atomic swap and cross-chain technology stacks in the cryptocurrency space into the fold of a licensed financial services provider. This acquisition encompasses Komodo's brand, technology suite, token infrastructure, and core development team, giving Gleec full control of a system that already powers some of its DEXs and accelerating the integration of its crypto debit cards, Virtual International Bank Account Numbers (IBANs), and fiat currency deposit and withdrawal gateways. Gleec also plans to provide white-label DEX and blockchain services for institutions seeking cross-chain capabilities without relying on custodial cross-chain bridges. Currently, the Komodo ecosystem and KMD token will continue to operate under Gleec, and their future direction will determine whether they are merged into the GLEEC token or remain independent. Gleec anticipates fully integrating the Komodo technology stack by early 2026 and will continue to expand its B2B infrastructure.PANews reported on December 1st that, according to CoinDesk, digital asset platform Gleec announced the acquisition of the entire Komodo platform ecosystem for $23.5 million, bringing one of the earliest atomic swap and cross-chain technology stacks in the cryptocurrency space into the fold of a licensed financial services provider. This acquisition encompasses Komodo's brand, technology suite, token infrastructure, and core development team, giving Gleec full control of a system that already powers some of its DEXs and accelerating the integration of its crypto debit cards, Virtual International Bank Account Numbers (IBANs), and fiat currency deposit and withdrawal gateways. Gleec also plans to provide white-label DEX and blockchain services for institutions seeking cross-chain capabilities without relying on custodial cross-chain bridges. Currently, the Komodo ecosystem and KMD token will continue to operate under Gleec, and their future direction will determine whether they are merged into the GLEEC token or remain independent. Gleec anticipates fully integrating the Komodo technology stack by early 2026 and will continue to expand its B2B infrastructure.
Gleec acquires Komodo's cross-chain DeFi stack for $23.5 million
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PANews reported on December 1st that, according to CoinDesk, digital asset platform Gleec announced the acquisition of the entire Komodo platform ecosystem for $23.5 million, bringing one of the earliest atomic swap and cross-chain technology stacks in the cryptocurrency space into the fold of a licensed financial services provider. This acquisition encompasses Komodo's brand, technology suite, token infrastructure, and core development team, giving Gleec full control of a system that already powers some of its DEXs and accelerating the integration of its crypto debit cards, Virtual International Bank Account Numbers (IBANs), and fiat currency deposit and withdrawal gateways.
Gleec also plans to provide white-label DEX and blockchain services for institutions seeking cross-chain capabilities without relying on custodial cross-chain bridges. Currently, the Komodo ecosystem and KMD token will continue to operate under Gleec, and their future direction will determine whether they are merged into the GLEEC token or remain independent. Gleec anticipates fully integrating the Komodo technology stack by early 2026 and will continue to expand its B2B infrastructure.
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