Polygon CEO explains strategy behind $250M acquisition of Coinme, Sequence

Polygon Labs announced connected Jan. 13 that it has entered definitive agreements to get crypto outgo steadfast Coinme and wallet infrastructure supplier Sequence.

The dual acquisition is worthy much than $250 million.

The program aims to present 3 pillars of the forthcoming Polygon Open Money Stack, namely carnal and integer fiat on- and off-ramps, wallet infrastructure, and cross-chain orchestration done intents.

Polygon Labs is simply a blockchain exertion institution that develops and maintains Polygon, an Ethereum-scaling ecosystem designed to marque blockchain transactions faster, cheaper, and much efficient.

Related: Stablecoin adoption accelerates arsenic businesses clasp real-time transactions

Polygon's Open Money Stack delivers an open, integrated payments stack that enables banks, fintechs, enterprises, remittance and payout providers, and merchants to enactment with some U.S.-based dollar stablecoins and merchant-issued tokens, and planetary stablecoins.

"The wide thought down the Open Money Stack is to supply 1 unfastened and integrated solution that allows anyone to determination wealth astir the satellite and past usage that money," Polygon CEO Marc Boiron told during an exclusive interrogation with TheStreet Roundtable.

To enactment it simply, it is an unfastened and integrated stack of services and technologies to instantly and reliably determination wealth anyplace and enactment it to work.

Polygon Foundation laminitis Sandeep Nailwal said:

"We aspire Polygon to beryllium the biggest stablecoin wealth question avenue successful the world."

Together with Polygon, the businesses person processed implicit $1 cardinal successful off-chain income and facilitated much than $2 trillion successful on-chain worth transfers.

Founded successful 2014, Coinme is simply a cryptocurrency infrastructure institution that provides some consumer-facing services and endeavor Crypto-as-a-Service solutions.

It operates a fiat-to-crypto web spanning implicit 50,000 retail locations and holds money-transmitter licenses successful 48 U.S. states. Coinme was besides 1 of the archetypal licensed integer currency exchanges successful the United States.

The institution precocious experienced regulatory issues with the Washington State Department of Financial Institutions. In November 2025, Coinme was asked to halt concern implicit unclaimed lawsuit vouchers.

However, the institution announced connected Dec. 30, 2025, that it reached an statement to resume afloat operations successful Washington.

Following the acquisition, Coinme volition go a wholly owned subsidiary of Polygon Labs aft obtaining indispensable regulatory approvals successful the 2nd 4th of 2026.

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Sequence provides wallet and exertion infrastructure crossed large networks, including Polygon, Immutable, and Arbitrum, portion partnering with Google Cloud arsenic a organisation channel.

Sequence volition adhd endeavor astute wallets and a 1-click cross-chain orchestration motor to Polygon’s ecosystem.

The acquisition is expected to adjacent successful January.

"So erstwhile these acquisitions are done, what we person is simply a afloat vertically integrated stack that anybody tin usage to execute from a fiat slope relationship done to an full transaction connected concatenation and past really usage that wealth connected chain, whether it's buying, selling, trading assets oregon earning connected those assets," Boiron explained during the interview.

• Coinbase acquires Deribit (2025) — $2.9 billion

• Kraken acquires NinjaTrader (2025)  — $1.5 billion

• Ripple acquires Hidden Road (2025 — $1.25 billion

• Stripe acquires Bridge Network (2024) — $1.1 billion

• Coinbase acquires One River Digital (2023) — $700 million

• Binance acquires CoinMarketCap (2020) — est. $400 million

• Ripple acquires Metaco (2023) — $250 million

• Kraken acquires Crypto Facilities (2019) — $100 million

• Toposware (2024) — Undisclosed

• Mir Protocol (2021) — $400 million

• Hermez Network (2021) — $250 million

Related: Stablecoin adoption accelerates arsenic businesses clasp real-time transactions

This communicative was primitively published by TheStreet connected Jan 13, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.