Gleec Acquires Komodo's Cross-Chain DeFi Platform for $23.5 Million to Boost Crypto Services

In a major $23.5 million deal, cryptocurrency platform Gleec has acquired the cross-chain decentralized finance (DeFi) technology stack from Komodo. This strategic acquisition aims to significantly enhance Gleec's service offerings by integrating advanced cross-chain interoperability and DeFi capabilities. The move allows Gleec to expand its ecosystem, providing users with seamless access to a wider range of financial services across multiple blockchain networks. Industry analysts view this consolidation as a positive step for the broader DeFi space, highlighting the growing trend of strategic mergers to build more robust and user-friendly crypto infrastructures. The integration of Komodo's proven technology is expected to accelerate Gleec's roadmap and strengthen its position in the competitive fintech and Web3 market.