Gleec Buys Komodo’s Cross-Chain DeFi Stack Valued at $23.5M for Undisclosed Amount
The acquisition brings Komodo’s atomic-swap technology, token ecosystem and core developers under the Gleec umbrella.
- Gleec said it bought the full Komodo Platform ecosystem, including its tech stack, brand, token infrastructure and team.
- While the company declined to say how much it paid, it valued the acquisition at $23.5 million.
- Komodo’s atomic-swap trading stack will become part of Gleec’s regulated financial suite, enabling bridge-free, cross-chain swaps and expanded enterprise services.
Gleec acquired the entire Komodo Platform ecosystem, bringing one of crypto’s earliest atomic-swap and cross-chain technology stacks under the umbrella of a licensed financial services provider, the digital asset platform said in a press release on Monday.
While the price paid was not disclosed, Gleec said the assessed value of the Kimodo ecosystem was $23.5 million.
The purchase includes Komodo’s brand, tech suite, token infrastructure and core developers, giving Gleec full ownership of a system that already powered parts of its decentralized exchange (DEX) and enabling faster integration with products such as its crypto debit card, virtual IBANs and fiat on- and off-ramps.
Gleec also plans to offer white-label DEX and blockchain services to institutions seeking cross-chain capabilities without relying on custodial bridges.
Komodo’s technology is built around native atomic swaps, allowing cross-chain trading without wrapped assets or bridges, an attack vector responsible for nearly half of all crypto value stolen to date, according to research from Chainalysis.
Gleec CEO Daniel Dimitrov said the acquisition embeds a mature decentralized trading stack into a regulated environment, while Komodo CTO Kadan Stadelmann, said in the release that the move gives the technology the compliance footing needed for wider adoption.
The Komodo ecosystem and KMD will continue under the Gleec umbrella for now, with a decision about the token in the future, whether it will be merged over to GLEEC or kept separate.
Gleec expects full integration of the Komodo stack in early 2026, with continued expansion of its B2B infrastructure.
Read more: Crypto Wallet Firm Exodus Buys Baanx and Monavate for $175M
CORRECT (Dec. 1, 17:10 UTC): Gleec clarifies that the assessed value of Kimodo was $23.5 million. An earlier version of this story said Gleec paid $23.5 million.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
