GSTechnologies states the acquisition of Finferno, funded from existing cash, will utilize its licenses to accelerate digital asset services growth across Poland and Central Europe.
GSTechnologies Ltd announced it has acquired Polish virtual asset service provider Finferno Sp. z o.o. for an undisclosed cash consideration, paid from its existing funds. According to the company, the acquisition strategy is to leverage Finferno’s licenses to expand GSTechnologies’ digital asset operations in Poland and Central Europe. The move is part of the firm’s plan to accelerate growth in its digital asset exchange and related services in the region.