Polygon Labs, the primary development entity behind the Polygon blockchain, has announced definitive agreements to acquire two key crypto infrastructure companies for a combined total exceeding $250 million. The acquisitions target U.S.-regulated payments firm Coinme and wallet infrastructure provider Sequence, marking a strategic shift for Polygon to accelerate its expansion into licensed stablecoin payments and global value transfers.
The deals are designed to deliver three core components of Polygon's recently announced Open Money Stack: regulated fiat on- and off-ramps, enterprise wallet infrastructure, and cross-chain orchestration through intents. Together, Coinme and Sequence have already processed over $1 billion in off-chain sales and more than $2 trillion in on-chain value transfers in collaboration with Polygon.
Coinme, founded in 2014, is one of the earliest licensed digital currency exchanges in the United States. It holds money-transmitter licenses covering 48 states and operates a physical fiat-to-crypto network across more than 50,000 retail locations. The company also provides regulated crypto-as-a-service offerings, enterprise APIs, and SDKs. Backed by investors including Pantera, Digital Currency Group, Coinstar, Circle, and MoneyGram, Coinme serves over one million retail users and enterprise clients like Exodus and Mercuryo. Following regulatory approval, expected in Q2 2026, Coinme will operate as a wholly owned subsidiary of Polygon Labs.
Sequence contributes smart wallet technology and a one-click cross-chain orchestration engine. Its infrastructure enables payments across multiple blockchains without requiring users to manage bridges, swaps, or gas fees. Backed by Brevan Howard Digital, Coinbase, Polychain, and Consensys, Sequence supports ecosystems like Polygon, Arbitrum, and Immutable. Its Trails platform provides universal rails for cross-chain transactions and interoperable stablecoin payments, including support for Circle's Cross-Chain Transfer Protocol. The Sequence acquisition is expected to finalize in January 2026.
Polygon Labs CEO Marc Boiron stated, "Stablecoins are increasingly being used as a settlement layer for global payments, but the infrastructure around them remains fragmented." Polygon founder Sandeep Nailwal added that the Open Money Stack provides a clear path to support trillions of dollars moving on-chain while keeping the network open and interoperable.
This move represents a strategic pivot for Polygon Labs, which historically focused on in-house development and spinning out projects. A company spokesperson clarified, "Polygon Labs is no longer a scaling company, but a blockchain-based payments company." The acquisitions aim to accelerate timelines by obtaining crucial regulatory licenses (via Coinme) and advanced cross-chain technology (via Sequence).
The Open Money Stack, unveiled last week and expected to launch by the end of 2026, is designed as an open, integrated middleware stack to enable instant global payments. It aims to combine compliant fiat access with on-chain settlement at scale, targeting banks, fintechs, enterprises, and merchants. Polygon's on-chain stablecoin supply reached approximately $3.3 billion at the end of 2025, according to Dune data.
