UK fintech company GSTechnologies acquires Polish crypto service provider Finferno to accelerate European expansion

According to a report by Investing.com, UK fintech company GSTechnologies Ltd (London Stock Exchange: GST) has announced the acquisition of Polish virtual asset service provider Finferno Spółka Z Ograniczoną Odpowiedzialnością, with the transaction amount undisclosed.

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 new digital asset exchanges and wealth management services in Poland, initially operating in a pilot format. GST Chairman Tone Goh stated in a press release that this acquisition aligns with the company's plan to internationalize its digital asset business GS Fintech in specific markets with strong potential.