Gleec invested $23.5 million for the full acquisition of the Komodo ecosystem.

[Chain News] There is another big move in the digital asset field - the Gleec platform has just announced the acquisition of the entire Komodo ecosystem for $23.5 million. This transaction is not simple, as Komodo is one of the pioneers in the encryption world that has been playing with atomic swaps and cross-chain technology.

What does this acquisition package include? The Komodo brand, the entire technology stack, the token infrastructure, and even the core development team have been taken along. For Gleec, this is equivalent to directly acquiring a mature system that is already providing technical support to its own DEX. More importantly, they can quickly integrate this system with their own encryption debit card, virtual IBAN accounts, and fiat deposit and withdrawal channels, which opens up significant possibilities.

Interestingly, Gleec also plans to use Komodo's technology to offer white-label services specifically for institutional clients who want cross-chain capabilities but do not want to deal with custodial cross-chain bridges. This B2B approach sounds quite pragmatic.

Currently, the KMD token is still operating normally, but whether it will be integrated into the GLEEC token or develop independently in the future is still under observation according to the official statement. The entire technology stack is planned to be completed by early 2026. With this move, the licensed platform is merging with the veteran technology team, marking another implementation of traditional financial thinking in the crypto space.