Gleec has acquired the entire ecosystem of the Komodo platform, bringing one of the first atomic and cross-chain crypto exchange technology stacks under the umbrella of a licensed financial services provider, the digital assets platform said in a press release on Monday.
Although the price paid was not disclosed, Gleec said the estimated value of the Kimodo ecosystem was $23.5 million.
The purchase includes the Komodo brand, technology 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-ramps.
Gleec also plans to offer white-label DEX and blockchain services to institutions seeking cross-chain capabilities without the need for custodial bridges.
Komodo’s technology is built around native atomic swaps, enabling cross-chain exchanges without assets or wrapped bridges, an attack vector responsible for nearly half of all crypto value stolen to date, according to a study by Chainalysis.
Gleec CEO Daniel Dimitrov said the acquisition integrates a mature decentralized commerce stack into a regulated environment, while Komodo CTO Kadan Stadelmann said in the release that the move gives the technology the compliance foundation needed for wider adoption.
The Komodo ecosystem and KMD will continue under the Gleec umbrella for now, with a decision regarding the token in the future whether it will be merged with GLEEC or separated.
Gleec plans full integration of the Komodo stack in early 2026, with continued expansion of its B2B infrastructure.
Learn more: Crypto wallet company Exodus buys Baanx and Monavate for $175 million
CORRECT (December 1, 5:10 p.m. UTC): Gleec says Kimodo’s assessed value was $23.5 million. An earlier version of this story said Gleec paid $23.5 million.
