Polygon Labs finalized agreements to acquire two companies, Coinme and Sequence, in a deal valued at over $250 million, with the goal of building what it calls an “Open Money Stack” for stablecoin-based transactions. The date on those finalized agreements: January 13, 2026.
What Polygon actually bought
Coinme is the first piece of this puzzle, and it is the one that gives the deal its regulatory weight. Founded in 2014, Coinme holds money-transmitter licenses across 48 US states, the kind of compliance infrastructure that typically takes years and tens of millions of dollars to assemble from scratch.
Beyond the licenses, Coinme operates at over 50,000 retail locations, giving consumers a physical network to convert cash into digital assets. Coinme’s backers include Coinstar, MoneyGram, and Circle.
Sequence is the second acquisition and provides the technical plumbing. The company’s enterprise smart wallet technology and cross-chain routing capabilities are designed to simplify how payments move between traditional banking systems and on-chain platforms.
