Citing HashNews, Gleec has announced the acquisition of the entire Komodo platform ecosystem for $23.5 million. The deal includes the Komodo brand, technology components, token infrastructure, and core development team. Gleec aims to integrate the system with its crypto debit cards, virtual IBANs, and fiat on/off-ramp services. The company also plans to offer white-label DEX and blockchain services for non-custodial cross-chain bridge operators. Komodo and its token KMD will continue to operate under Gleec, with future decisions on the token's fate pending. Full integration of Komodo technology is expected by early 2026.
Gleec Acquires Komodo Cross-Chain DeFi Ecosystem for $23.5M
KuCoinFlashShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.