Polygon Labs announced definitive agreements to acquire Coinme and Sequence for more than $250 million, delivering three key components of the forthcoming Polygon Open Money Stack, including physical cash and digital fiat on- and off-ramps, wallet infrastructure, and cross-chain orchestration through intents.

Together with Polygon, the businesses have processed more than $1 billion in offchain sales and more than $2 trillion of onchain value transfers. As payment activity scales, Polygon Chain captures the upside through higher onchain throughput and network fees, directly benefiting stakers and validators.

Coinme, founded in 2014 as one of the first licensed digital currency exchanges in the United States, brings money-transmitter licenses and compliance infrastructure that enable operations in 48 U.S. states, and a regulated whitelabel crypto-as-a-service offering for fintechs, enterprises, and payment applications.  It also boasts a physical fiat-to-crypto network spanning more than 50,000 retail locations, a licensed wallet infrastructure, and enterprise APIs and SDKs.

Backed by investors – including Pantera, Digital Currency Group (DCG), Coinstar, Circle Ventures, and MoneyGram – Coinme serves marquee enterprise customers such as Exodus, Coinstar, and Baanx, as well as more than one million users of its Coinme payments app.

Sequence adds smart wallets and a 1-click cross-chain orchestration and intents engine designed to simplify crypto payment flows across networks without requiring users to manage bridging, swaps, or gas. Sequence is backed by leading investors, including Brevan Howard Digital, Initialized Capital, Coinbase, Polychain, Consensys, Take-Two Interactive, Ubisoft, and Bitkraft.

It also provides wallet and application infrastructure across major blockchain ecosystems, including Polygon, Immutable, Monad, Magic Eden, and Arbitrum, with support for emerging networks such as SKALE, Etherlink, ApeChain, Soneium, and Somnia, and collaborates with Google Cloud as a partner and distribution channel.

Trails, powered by Sequence, delivers universal rails for 1-click crypto transactions and payments across any chain, using any tokenand any wallet. Trails enables blockchains like Katana, prediction markets like Foresight, and supports interoperability and seamless stablecoin payments via Circle's Cross-Chain Transfer Protocol.

Coinme and Sequence will play foundational roles in building the Open Money Stack – an open and integrated stack of services and technologies to instantly and reliably move money anywhere and put it to work. Together, they bring the core capabilities required on top of Polygon Chain to move money seamlessly between traditional financial systems and onchain rails, while meeting the compliance, reliability, and scale demanded by global payments.

By combining Coinme's experience operating regulated physical and digital fiat on- and off-ramps, providing crypto custody and liquidity solutions, and offering payment processing services, with Sequence's battle-tested wallet and cross-chain intents infrastructure, developers can deliver intuitive, compliant Web3 experiences that abstract complexity while supporting cross-chain value flow. The result is an open and integrated payments platform designed to help banks, fintechs, enterprises, remittance and payout providers, and merchants tap stablecoin payment growth across both U.S. dollar stablecoins, merchant tokens, and international stablecoins.