Cryptocurrency News
Fintech company GSTechnologies Ltd (LON:GST) today announced that it has entered into a legally binding agreement to acquire the entire issued share capital of Finferno Spółka Z Ograniczoną Odpowiedzialnością, a Polish-registered Virtual Asset Service Provider (VASP), for an undisclosed cash consideration.
The acquisition, which is being funded through GSTechnologies’s existing cash resources, is intended to facilitate the growth of the Group’s digital asset business, focused on both digital asset exchange and wealth management, in Poland and Central Europe.
In particular, the acquisition will enable the Group to launch new offerings in Poland, initially on a pilot basis. GST views Poland as a particularly attractive area for future growth given the country’s robust economic growth forecasts and surging cryptocurrency adoption.
Tone Goh, Chairman of GST, commented:
“I am very pleased to be announcing the acquisition of Finferno, which will add to GST’s growing digital asset capabilities. This acquisition is in line with our plans to grow our digital asset business, GS Fintech, internationally in selected markets where we see strong potential. Poland, and Central Europe more widely, offer attractive opportunities for GST, and we are keen to invest more in the region, which is enjoying significant economic growth and burgeoning cryptocurrency adoption. As we enter 2026 GST is very well positioned and I look forward to providing further updates in due course.”
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GSTechnologies to acquire Finferno – FX News Group
