While the company did not reveal how the purchase price was allocated or how the deal was structured, it framed the move as a foundational step toward integrating traditional finance with blockchain-based systems.
Backed by investors including Pantera Capital, Digital Currency Group, Coinstar, Circle Ventures, and Moneygram, Coinme serves enterprise clients such as Exodus, Coinstar, and Baanx, along with more than 1 million users on its consumer payments app. For Polygon, that network offers instant scale—and regulatory cover.
FAQ What did Polygon Labs acquire?Polygon Labs acquired Coinme and Sequence in a deal valued at more than $250 million. Why is Coinme important to the deal?Coinme provides regulated U.S. money-transmitter licenses and fiat onramps across 48 states. What does Sequence add to Polygon?Sequence supplies embedded wallets and cross-chain payment tools that simplify onchain transactions. What is Polygon Open Money Stack?It is Polygon’s vertically integrated platform combining blockchain rails, regulated payments, and wallet infrastructure.
