【Block Rhythm】Gleec's recent move is quite aggressive—directly spending 23.5 million dollars to completely take over Komodo's cross-chain DeFi business.
This time it's not just a simple technical collaboration, but a complete buyout: Komodo's brand, the entire technical architecture, and token infrastructure, even the core development team has gone over as well. In short, Gleec now has full control over this system.
In fact, Gleec has been using Komodo's technology to support its own decentralized exchange. Now that the acquisition is complete, they can more quickly integrate this cross-chain capability into their product matrix—cryptocurrency debit cards, virtual IBAN accounts, and fiat deposit and withdrawal channels can all be seamlessly connected.
From a strategic perspective, this is a typical “infrastructure vertical integration” approach. What Gleec aims to do is clearly not just a simple DEX, but to connect the entire pathway from on-chain transactions to real-world finance. With the mature cross-chain technology foundation of Komodo, the subsequent product iteration speed is certainly expected to increase.
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AirdropHunterXiao
· 17h ago
Is it worth spending $23.5 million to acquire a tech team?
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StakeTillRetire
· 20h ago
Bought out directly for 23.5 million—this move is aiming to take over the entire industry chain.
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ServantOfSatoshi
· 12-01 13:48
Wow, over 20 million bought the whole team? If this deal falls through and doesn't yield the expected returns, Gleec could be Rekt.
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PositionPhobia
· 12-01 13:48
$23.5 million for the whole package, this operation is indeed fierce.
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OfflineNewbie
· 12-01 13:48
23.5 million? How long will it take to recoup investment?
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MainnetDelayedAgain
· 12-01 13:41
23.5 million dollars to take a bite... let's wait and see when this trap system can really run
Buying teams, buying technology, buying a complete system, does this model sound familiar? How long has it been since they promised seamless integration?
As for integration, how many times has it been postponed? Let's count together.
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orphaned_block
· 12-01 13:24
25.3 million dollars to solve the entire chain? It depends on whether it can really be implemented in the follow-up.
Gleec invested 23.5 million USD in the acquisition of Komodo's cross-chain business, connecting the full chain from DeFi to fiat.
【Block Rhythm】Gleec's recent move is quite aggressive—directly spending 23.5 million dollars to completely take over Komodo's cross-chain DeFi business.
This time it's not just a simple technical collaboration, but a complete buyout: Komodo's brand, the entire technical architecture, and token infrastructure, even the core development team has gone over as well. In short, Gleec now has full control over this system.
In fact, Gleec has been using Komodo's technology to support its own decentralized exchange. Now that the acquisition is complete, they can more quickly integrate this cross-chain capability into their product matrix—cryptocurrency debit cards, virtual IBAN accounts, and fiat deposit and withdrawal channels can all be seamlessly connected.
From a strategic perspective, this is a typical “infrastructure vertical integration” approach. What Gleec aims to do is clearly not just a simple DEX, but to connect the entire pathway from on-chain transactions to real-world finance. With the mature cross-chain technology foundation of Komodo, the subsequent product iteration speed is certainly expected to increase.