Gleec Acquires Komodo’s Cross-Chain DeFi Stack for $23.5M to Accelerate DEX and Fiat On/Off-Ramp Integration

According to CoinDesk, Gleec has announced a $23.5 million acquisition of Komodo’s cross-chain DeFi business, consolidating the brand, technology stack, token infrastructure, and core developers under Gleec’s ownership. The turnkey system already powers Komodo’s decentralized exchange and is positioned to accelerate Gleec’s roadmap by enabling faster integration with its crypto debit card, virtual IBAN, and fiat on/off ramps, plus related products.

From a strategic perspective, the transaction broadens Gleec’s multi-chain DeFi reach and strengthens its on-ramp infrastructure, potentially boosting liquidity and interoperability across ecosystems. By absorbing Komodo’s brand and development talent, Gleec gains immediate access to a proven tech stack and experienced engineers, reducing execution risk compared with internal development. The deal highlights ongoing consolidation of DeFi infrastructure and crypto payment rails, mapping the evolution of cross-chain finance.