Gleec has acquired Komodo's entire platform ecosystem for $23.5 million, enhancing its position in the cross-chain DeFi space. This acquisition includes Komodo's brand, technology suite, token infrastructure, and core development team, which will now operate under Gleec's licensed financial services umbrella. The move aims to accelerate the integration of Gleec's crypto debit cards, IBANs, and fiat gateways.
Gleec plans to offer white-label DEX and blockchain services, enabling institutions to leverage cross-chain capabilities without custodial bridges. The Komodo ecosystem and KMD token will continue under Gleec, with future plans to decide on their integration with the GLEEC token. Full integration of Komodo's technology stack is expected by early 2026, as Gleec expands its B2B infrastructure.
Gleec Acquires Komodo's Cross-Chain DeFi Stack for $23.5 Million
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