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IN BRIEF: GSTechnologies buys Polish crypto service provider Finferno

ALN

GSTechnologies Ltd - Perth, Australia-based fintech company - Agrees to buy Polish virtual asset service provider Finferno Spolka Z Ograniczona Odpowiedzialnoscia for an undisclosed cash fee. Says the acquisition is intended to help the growth of its digital asset business, focused on both digital asset exchange and wealth management, in Poland and Central Europe. Adds that the acquisition of Finferno will allow it to launch new offerings in Poland, initially on a pilot basis. GST says it sees Poland as a ‘particularly attractive area for future growth’ given ‘robust’ economic growth forecasts and ‘surging’ adoption of cryptocurrency.

‘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,’ says Chair Tone Goh.

Current stock price: 0.49 pence

12-month change: down 81%

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