TROOPS plans to acquire EFFORCE, founded by Apple co-founder Steve Wozniak, to expand its digital asset business.

PANews October 12 news, according to PRNewswire, Nasdaq-listed company TROOPS Inc. (TROO) announced that it has signed a conditional share purchase agreement with EFFORCE Group, planning to expand its digital asset infrastructure business through this transaction.

EFFORCE was founded by Apple co-founder Steve Wozniak and focuses on blockchain technology, digital assets, and sustainable development. After the transaction is completed, Wozniak will still retain equity as a shareholder of EFFORCE. TROOPS stated that the merger will combine the strengths of both parties in technology, regulatory compliance, business expansion, and market channels to build a digital asset infrastructure platform covering multiple sectors.