Hong Kong-based financial services and technology corporation TROOPS has announced a definitive agreement to acquire Efforce, the Malta-based energy-saving technology platform co-founded by Apple visionary Steve Wozniak. The strategic transaction is designed to significantly expand TROOPS’ digital asset infrastructure while paving the way for aggressive new growth in sustainability-related markets, bridging the worlds of advanced fintech, blockchain technology, and global energy transition initiatives.
Co-founded in 2020 by technology pioneer Steve Wozniak, Efforce was built to fundamentally change how energy efficiency projects are funded and executed. The Malta-based enterprise operates a unique platform that drives energy efficiency by leveraging blockchain technology to tokenize and monetize energy savings. By bridging the gap between capital markets and environmental upgrades, Efforce’s platform connects companies seeking to improve the energy efficiency of their commercial buildings and industrial processes with investors who can finance these critical projects. In exchange for their financial backing, these investors receive returns directly linked to the measurable energy savings generated by the retrofits.
On the other side of the acquisition is TROOPS, a diversified financial services and technology enterprise. TROOPS operates across multiple pillars, including mortgage lending, property investment, and property management. Additionally, the company runs an expansive online financial marketplace offering sophisticated fintech solutions. These services heavily incorporate cutting-edge technological frameworks, including artificial intelligence, big data analytics, blockchain protocols, and robust cloud computing infrastructure.
According to leadership from both organizations, the upcoming merger will seamlessly integrate TROOPS’ established financial operations and market reach with Efforce’s specialized blockchain infrastructure, regulatory capabilities, and deep digital asset expertise. This combination is intended to serve as a strategic springboard, enabling TROOPS to diversify far beyond its current cryptocurrency exchange activities and venture into broader digital markets. Among the primary targets of this expansion are potential new trading verticals in environmental commodities, such as carbon credits and green certificates, which are rapidly becoming central to global corporate sustainability mandates.
Sergio Carloni, Chief Executive Officer of Efforce, emphasized the strategic importance of the transaction for the future trajectory of the sustainability platform. He noted that the alignment of Efforce’s core strengths with TROOPS’ corporate footprint creates an ideal environment for future development across multiple business sectors.
"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," Carloni stated. "We believe the transaction will enable the combined group to explore new strategic opportunities while leveraging the strengths of both organizations."
Following the completion of the merger, the combined corporate group intends to aggressively leverage its newly expanded technological infrastructure and combined market expertise. The entities plan to pursue high-growth opportunities spanning digital assets, sustainability-focused corporate initiatives, the deeper integration of advanced financial services, and related technology-driven business models. As the global economy continues to prioritize carbon reduction and energy efficiency, the unified platform aims to position itself as a major player at the intersection of green tech and digital finance.
Despite the acquisition and the structural shifts it entails, Apple co-founder Steve Wozniak will maintain a continuous stake in the initiative, remaining a shareholder of Efforce following the finalization of the transaction. Wozniak’s ongoing involvement underscores a continued commitment to the founding vision of democratizing energy efficiency financing through decentralized technologies.
The merger agreement remains subject to customary closing conditions, regulatory reviews, and standard corporate approvals before it can be fully executed. Leadership from both companies remains optimistic about clearing these final milestones. Damian Thurnheer, President and Chief Executive Officer of TROOPS, highlighted the long-term value creation expected from the union of the two firms.
"The combination of Efforce’s technology, regulatory capabilities, and industry expertise with TROOPS’ existing operations creates new opportunities for growth, innovation, and value creation," Thurnheer said.
