TROOPS, Inc. to merge with EFFORCE Group to expand digital asset infrastructure

NASDAQ-listed TROOPS, Inc. has signed a merger agreement with EFFORCE Group to expand its digital asset infrastructure and financial technology capabilities. The transaction aims to combine TROOPS’ insurance and financial services ecosystem with EFFORCE’s blockchain technology and regulatory frameworks.

The merger is expected to diversify revenue streams by moving beyond traditional cryptocurrency exchange services into broader digital asset verticals. This includes potential expansion into environmental markets, specifically the trading of carbon credits and green certificates to support corporate decarbonization strategies.

EFFORCE was co-founded by Apple co-founder Steve Wozniak, who will remain a shareholder in the company following the transaction. The combined entity intends to serve institutional and commercial clients through a platform focused on digital assets, sustainability-oriented technology, and integrated financial services. The deal remains subject to customary closing conditions and regulatory approvals.