Gleec acquires Komodo's cross-chain DeFi business for $23.5 million

ChainCatcher News, according to CoinDesk, Gleec announced the acquisition of Komodo's cross-chain DeFi business for $23.5 million. This acquisition includes Komodo's brand, technology suite, token infrastructure, and core developers, giving Gleec full ownership of the system.

This system has already supported some of its decentralized exchanges (DEX) and can be integrated more quickly with its crypto debit card, virtual IBAN, and fiat deposit and withdrawal channels, among other products.