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Gleec Buys Komodo’s Cross-Chain DeFi Stack Valued at $23.5M for Undisclosed Amount
Yahoo Finance· 2025-12-01 13:00
Core Insights - Gleec has acquired the entire Komodo Platform ecosystem, valued at $23.5 million, integrating it into a licensed financial services provider [1][5] - The acquisition includes Komodo's brand, technology suite, token infrastructure, and core developers, enhancing Gleec's decentralized exchange (DEX) capabilities and facilitating faster integration with various products [2] - Gleec plans to offer white-label DEX and blockchain services to institutions, focusing on cross-chain capabilities without relying on custodial bridges [2] Technology and Compliance - Komodo's technology enables native atomic swaps, allowing cross-chain trading without wrapped assets or bridges, addressing significant security vulnerabilities in the crypto space [3] - The acquisition embeds a mature decentralized trading stack into a regulated environment, providing the compliance needed for broader adoption of the technology [3] Future Plans - The Komodo ecosystem and KMD will operate under Gleec for the time being, with future decisions regarding the token's status yet to be determined [4] - Full integration of the Komodo stack is expected by early 2026, alongside the expansion of Gleec's B2B infrastructure [4]