TROOPS, Inc. (NASDAQ: TROO) Announces Strategic Term Sheet with Young Platform to Accelerate Development of Digital Asset Exchange Infrastructure
Key Highlights
- ➤TROOPS (TROO) signs term sheet with Young Platform for exchange infrastructure
- ➤Term Sheet becomes binding November 1, 2026, pending proposed license agreement
- ➤Proposed license includes source code, matching engine, wallets, administrative tools, and deployment support
- ➤TROOPS expects established technology to accelerate its planned digital asset exchange launch
- ➤TROOPS plans exchange with Young Platform technology in collaboration with EFFORCE Group
Expert Statements
Damian Thurnheer, President and Chief Executive Officer of TROOPS
“This agreement represents an important milestone in the execution of our digital asset strategy”
Damian Thurnheer, President and Chief Executive Officer of TROOPS
“By combining access to proven exchange technology and source code with direct collaboration between our engineering teams, we expect to significantly accelerate the development of our exchange infrastructure while retaining the flexibility to customize and expand the platform over time.”
TROOPS, Inc. (NASDAQ: TROO) Announces Strategic Term Sheet with Young Platform to Accelerate Development of Digital Asset Exchange Infrastructure PR Newswire
HONG KONG, Oct. 30, 2026 /PRNewswire/ -- TROOPS, Inc. (NASDAQ: TROO) ("TROOPS" or the "Company") today announced that the Company has entered into a term sheet (the "Term Sheet") with Young Platform S.p.A., a European digital asset technology provider, designed to accelerate the development and launch of the Company's planned digital asset exchange infrastructure. The Term Sheet will become binding on November 1, 2026 and sets out principal terms and conditions upon which the parties shall execute a license agreement (the "License Agreement").
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