GSTechnologies completed the acquisition of Cake.

GSTechnologies, a company doing businesses across blockchain payments and financial services, forex, as well as cryptoasset exchange, completed the acquisition of Cake, a digital asset platform. Financial terms were not disclosed. The Acquisition represents a transformative opportunity for the GS20 Exchange and GST as a whole. By integrating CAKE's business, we aim to deliver a more comprehensive and robust suite of services to a growing user base, particularly in Europe. The combined capabilities of the GS20 Exchange and the acquired Bake platform will not only enhance customer experience, but also create long-term value for our shareholders," Tone Goh, GST Chairman.