TechFlow, Dec 29 — According to Investing.com, UK-based fintech company GSTechnologies Ltd (London Stock Exchange: GST) announced the acquisition of Polish virtual asset service provider Finferno Spółka Z Ograniczoną Odpowiedzialnością. The transaction amount was not disclosed.
The acquisition is funded by GST's existing cash resources and aims to expand the company's digital asset business in Poland and Central Europe. Through this transaction, GST will be able to launch a new digital asset exchange and wealth management services in Poland, initially operating on a pilot basis. In a press release, GST Chairman Tone Goh stated that the acquisition aligns with the company's strategy to internationalize its digital asset business, GS Fintech, in targeted markets with strong growth potential.
