Gleec acquired the entire Komodo platform ecosystem in a $23.5 million deal, placing one of the first cryptocurrency 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.
The purchase includes Komodo’s brand, technology stack, token infrastructure, and core developers, giving Gleec full ownership of a system that already powers parts of its decentralized exchange (DEX) and enables 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 custody bridges.
Komodo’s technology is based on native atomic swaps, enabling cross-chain trading with no assets or bridges involved, an attack vector responsible for nearly half of all stolen crypto value to date, according to research from Chainalysis.
Gleec CEO Daniel Dimitrov said the acquisition brings a mature decentralized trading stack into a regulated environment, while Komodo CTO Kadan Stadelmann said in the statement that the move gives the technology the compliance foundation needed for broader adoption.
The Komodo ecosystem and KMD will continue under the Gleec umbrella for now, with a decision on the token in the future whether it will merge with GLEEC or remain separate.
Gleec expects a full integration of the Komodo stack in early 2026, with continued expansion of its B2B infrastructure.
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