Gleec has acquired the entire Komodo Platform ecosystem in a $23.5 million deal, bringing one of the earliest atomic swap and cross-chain technology stacks for cryptocurrencies under the umbrella of a licensed financial services provider, the digital asset platform said in a press release on Monday.
The acquisition includes Komodo’s brand, technology suite, token infrastructure, and core developers, giving Gleec full ownership of the systems that already power some of its decentralized exchanges (DEXs) and enabling faster integration with products such as crypto debit cards, virtual IBANs, and fiat on- and off-ramps.
Gleec also plans to offer white-label DEX and blockchain services to institutions seeking cross-chain functionality without relying on custodial bridges.
Comodo’s technology is built around native atomic swaps, enabling cross-chain transactions without wrapped assets or bridges. According to research by Chainalysis, it is an attack vector responsible for almost half of the value of cryptocurrencies stolen to date.
Gleec CEO Daniel Dimitrov said the acquisition brings a mature decentralized trading stack into a regulated environment, while Comodo CTO Kadan Stadelman said in a release that the move gives the technology the compliance foundation it needs for widespread adoption.
The Komodo ecosystem and KMD will continue under the Gleec umbrella for now, but a decision will be made in the future whether the tokens will be integrated into GLEEC or remain separate.
Gleec expects the Komodo stack to be fully integrated in early 2026 due to continued expansion of its B2B infrastructure.
read more: Crypto wallet company Exodus acquires Baanx and Monavate for $175 million
