The blockchain payments company builds and operates infrastructure to transfer funds instantly, reliably and at scale on Polygon Chain. Polygon is also establishing a stack of services and technologies to instantly and reliably move money anywhere, called the Polygon Open Money Stack.
Editorial
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As a core developer of Polygon and operating alongside Agglayer, that unifies liquidity and settlement across chains so that global payments function as a single network, Polygon Labs has facilitated trillions of dollars in onchain value transfer and supports millions of transactions daily for large banks, fintech firms, enterprises and consumer applications.
In acquiring Coinme and Sequence for more than $250 million, Polygon Labs will be able to deliver key components for Polygon Open Money Stack, including offering physical cash and digital fiat on and off-ramps, wallet infrastructure, and cross-chain orchestration through intents.
Coinme and Sequence have processed over $1 billion in offchain sales and over $2 trillion of onchain value transfers, together with Polygon, and as payment activity continues to sale, Polygon Chain will maximise the benefits for stakers and validators through higher onchain throughput and network fees.
While Coinme is a US licensed digital currency exchange that delivers money-transmitter licenses and compliance infrastructure, Sequence leverages smart wallets, a one click cross-chain orchestration and intents engine to simplify crypto payment flows across networks.
Both organisations will play foundational roles in building the Open Money Stack and support the movement of money between traditional financial systems and onchain rails while also meeting compliance, reliability and scalability challenges.
Marc Boiron, chief executive officer of Polygon Labs, says: “Stablecoins are increasingly being used as a settlement layer for global payments, but the infrastructure around them remains fragmented. These acquisitions give us regulated access to U.S. payment rails, wallet infrastructure, and cross-chain intents capabilities to build an open payments business on top of onchain settlement.”
The Sequence transaction is expected to close in January 2026, and the Coinme transaction is expected to close in Q2 2026, subject to customary regulatory approvals and closing conditions.
