Polygon Labs says it has signed a deal to acquire Coinme and Sequence in a transaction valued at around $250 million.
The Sequence transaction is expected to close this month, and the Coinme transaction is expected to close in Q2 2026 subject to normal regulatory approvals and closing conditions.
Polygon Labs is a blockchain payments company developing and operating infrastructure to facilitate money movement.
Founded in 2014, Coinme is a regulated provider of an enterprise stablecoin and crypto payments platform. The company holds money transmitter licenses and compliance technology that enable operations in 48 U.S. states. Coinme also operates a white-label crypto-as-a-service offering for Fintechs and other firms.
Sequence is an infrastructure firm that aims to accelerate the adoption of blockchain technology. Sequence provides wallet and application infrastructure across different blockchain ecosystems, including Polygon, Immutable, Monad, Magic Eden, and Arbitrum.
The business combinations are said to have collectively processed over $1 billion in off-chain sales and more than $2 trillion of onchain value transfers.
Marc Boiron, chief executive officer of Polygon Labs, said that Stablecoins are increasingly being used as a settlement layer for global payments, but the infrastructure remains fragmented.
“These acquisitions give us regulated access to US payment rails, wallet infrastructure, and cross-chain intents capabilities to build an open payments business on top of onchain settlement.”
Neil Bergquist, CEO of Coinme, said that stablecoin legislation has provided a clear pathfor the market, but scale via integration is needed.
