TROOPS entered into a conditional sales and purchase agreement with EFFORCE Group, a transaction intended to expand the company’s digital asset infrastructure and broaden its exposure to additional technology-driven business verticals.
The proposed combination would bring together TROOPS’ existing financial technology and insurance-services ecosystem with EFFORCE’s blockchain infrastructure, regulatory framework, and digital asset capabilities.
EFFORCE was founded by Apple co-founder Steve Wozniak, who will remain a shareholder of EFFORCE following the transaction.
The companies said the combination is designed to strengthen capabilities across technology, regulatory compliance, business development, and market access.
TROOPS expects the transaction to expand its operational scope beyond traditional cryptocurrency exchange capabilities.
The combined group plans to explore opportunities across digital assets, sustainability-related initiatives, financial services integration, and related technology-driven business models.
TROOPS said the transaction could also provide access to additional verticals including carbon credit and green certificate trading.
The companies intend to use their combined infrastructure and industry expertise to serve institutional and commercial customers across multiple markets.
Management said the transaction is expected to support revenue growth opportunities, diversify income streams, and create a broader platform for future development.
EFFORCE contributes digital asset expertise, licensing frameworks, and sustainability-focused initiatives, while TROOPS brings its existing market presence and operating businesses.
TROOPS currently operates across money lending, property investment, financial technology, migration and education advisory services, and insurance-related consulting.
Its financial technology operations include an online marketplace that provides API-based services using artificial intelligence, big data, blockchain, and cloud computing.
The acquisition remains subject to customary closing conditions, regulatory approvals, and satisfaction of conditions precedent outlined in the sales and purchase agreement.
KEY QUOTES:
“This merger represents a significant milestone for TROOPS as we continue to expand our digital asset infrastructure and diversified business platform. The combination of EFFORCE’s technology, regulatory capabilities, and industry expertise with TROOPS’ existing operations creates new opportunities for growth, innovation, and value creation.”
Damian Thurnheer, President and CEO of TROOPS
“The combination of EFFORCE’s licensing framework, digital asset expertise, and sustainability-focused initiatives with TROOPS’ market presence creates a strong foundation for future development across multiple business verticals. We believe the transaction will enable the combined group to explore new strategic opportunities while leveraging the strengths of both organizations.”
“The next phase of green technology will be defined by how effectively we connect investment with measurable impact. Our ambition with this proposed merger is to bring technology and access to capital closer to the projects and businesses driving the energy transition. In carbon markets, lasting growth depends on confidence in what is being financed and traded. We must have credible projects, transparent information, and verifiable outcomes.”
Sergio Carloni, CEO of EFFORCE Group
