Gleec has acquired all the Komodo Platform ecosystem in a $23.5 million deal, bringing one of many earliest atomic swap and cross-chain know-how stacks for cryptocurrencies underneath the umbrella of a licensed monetary providers supplier, the digital asset platform mentioned in a press launch on Monday.
The acquisition consists of Komodo’s model, know-how suite, token infrastructure, and core builders, giving Gleec full possession of the techniques that already energy a few of its decentralized exchanges (DEXs) and enabling quicker integration with merchandise corresponding to crypto debit playing cards, digital IBANs, and fiat on- and off-ramps.
Gleec additionally plans to supply white-label DEX and blockchain providers to establishments searching for cross-chain performance with out counting on custodial bridges.
Comodo’s know-how is constructed round native atomic swaps, enabling cross-chain transactions with out wrapped belongings or bridges. Based on analysis by Chainalysis, it’s an assault vector liable for nearly half of the worth of cryptocurrencies stolen so far.
Gleec CEO Daniel Dimitrov mentioned the acquisition brings a mature decentralized buying and selling stack right into a regulated atmosphere, whereas Comodo CTO Kadan Stadelman mentioned in a launch that the transfer provides the know-how the compliance basis it wants for widespread adoption.
The Komodo ecosystem and KMD will proceed underneath the Gleec umbrella for now, however a choice shall be made sooner or later whether or not the tokens shall be built-in into GLEEC or stay separate.
Gleec expects the Komodo stack to be totally built-in in early 2026 on account of continued growth of its B2B infrastructure.
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