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.
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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.