Hong Kong, October 30 (Reuters/PR Newswire) — TROOPS, Inc. (Nasdaq: TROO) (“TROOPS” or the “Company”) today announced that it has signed a term sheet (“Term Sheet”) with Young Platform S.p.A., a European digital asset technology provider, aimed at accelerating the development and launch of the Company’s planned digital asset exchange infrastructure. The Term Sheet will take effect on November 1, 2026, and outlines the principal terms and conditions pursuant to which the parties will enter into a license agreement (“License Agreement”).
Pursuant to this term sheet and license agreement, the Company plans to launch and operate a digital asset exchange based on Young Platform S.p.A.’s proprietary digital asset exchange platform, in collaboration with EFFORCE Group. The Company expects to obtain Young Platform S.p.A.’s exchange technology—including source code, matching engine technology, wallet management systems, administrative tools, technical documentation, and deployment support—through the proposed license agreement. The Company believes that acquiring these mature technology assets will significantly shorten the development timeline and provide a faster path to launching its proposed exchange and broader digital asset infrastructure platform. In addition to the proposed technology license, TROOPS and Young Platform S.p.A. plan to actively collaborate on the configuration, integration, deployment, enhancement, and future evolution of the platform.
This announcement follows TROOPS' previous disclosure of a conditional sale and purchase agreement with EFFORCE Group. The company expects this agreement to enhance its capabilities in digital assets, sustainability-related initiatives, and technology-driven financial services.
“This agreement is a significant milestone in executing our digital assets strategy,” said Damian Thurnheer, President and CEO of TROOPS. “By combining access to proven exchange technology and source code with direct collaboration between engineering teams, we expect to significantly accelerate the development of our exchange infrastructure while maintaining the flexibility to customize and scale the platform in the future.”
This initiative complements TROOPS’ recent strategic advancements, including its proposed business combination with EFFORCE Group and the previously announced appointments of Jacopo Visetti and Sergio Carloni, further strengthening its technical, operational, and industry expertise as it expands into the digital assets space and advances its digital asset licensing arrangements.
About TROOPS, Inc.
TROOPS, Inc. is a diversified corporate group headquartered in Hong Kong. The group primarily engages in: (a) lending operations in Hong Kong, providing mortgage loans to high-quality target borrowers; (b) real estate investment to generate additional rental income; (c) developing, operating, and managing an online financial market that delivers integrated fintech solutions using artificial intelligence, big data, blockchain, and cloud computing (SaaS), including API services; (d) consulting and referral services related to immigration, education, and visa renewal applications; and (e) insurance consulting services for insurance brokers involving product referrals. The group’s vision is to create value for shareholders by fostering synergies within its own sustainable ecosystem as a diversified corporate group.
For more information, visit TROOPS, Inc.'s Investor Relations website: www.troops.co
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