Polygon Labs' Coinme and Sequence deals over $250M

Polygon Labs said on January 13 that it had signed definitive agreements to acquire Coinme and Sequence for more than $250 million, a pair of deals the company cast as the core of a broader push into regulated stablecoin payments in the United States. The transactions were later flagged again in May 21 M&A roundups that grouped them with unrelated plastics and telecom deals. Polygon did not break out the price paid for each company, but said the combined value exceeded $250 million. Coinme and Sequence each published separate statements the same day confirming the agreements. ### Why were Coinme and Sequence paired in the same deal push? Polygon Labs said the two acquisitions were designed to supply different pieces of what it calls its Open Money Stack. In its January 13 announcement, the company said Coinme would bring licensed fiat on- and off-ramps, while Sequence would add enterprise wallet infrastructure and onchain orchestration. (polygon.technology) Sequence said on January 13 that Polygon was acquiring the company to help move money globally, and said its products would continue to operate without interruption after the agreement. Coinme said the same day that it had entered into a definitive agreement to be acquired by Polygon Labs after building compliant crypto infrastructure over roughly a decade. (polygon.technology) ### What does Coinme add to Polygon’s payments plan? Coinme said Polygon’s deal gives it a regulated bridge between cash, bank rails and digital assets. Polygon said Coinme operates as a licensed money services business in 48 U.S. states and provides fiat on- and off-ramps that can connect bank accounts or cash access points with stablecoin transactions. (sequence.xyz) Coinme’s website says the company offers crypto access through retail and digital channels, including Coinstar kiosks and other retail locations nationwide. Polygon said that infrastructure would help close what it described as the “last mile” problem in stablecoin payments by letting users move between offchain money and onchain settlement. ### What does Sequence bring that Coinme does not? Sequence said its role in the combined platform is wallet and developer infrastructure. (polygon.technology) Polygon said the acquisition would add enterprise wallets and cross-chain orchestration tools, while Sequence said its wallet, payments and developer products would remain available to customers after closing. (coinme.com) Polygon later said the acquisitions of Coinme and Sequence accelerated its Open Money Stack, which it described as a vertically integrated set of services meant to move money from offchain systems to onchain settlement and back again. That framing suggests Polygon sees the two targets less as standalone bets than as components in a broader payments buildout. (polygon.technology) ### Where did the “over $250 million” figure come from? Polygon’s own January 13 announcement said it had signed definitive agreements to acquire Coinme and Sequence in transactions worth more than $250 million combined. The same figure appeared in subsequent coverage and in May 21 social-media deal trackers that recirculated the transactions in M&A summaries. (polygon.technology) The terms for each acquisition were not disclosed separately. The Block reported that the agreements were subject to regulatory approval and that Coinme would continue to operate as a wholly owned subsidiary after closing. ### What happens next? Coinme’s website says its sale to Polygon Labs is expected to close in the second quarter of 2026. (polygon.technology) Polygon said the acquisitions are tied to the rollout of its Open Money Stack, which outside coverage said was expected to launch by the end of 2026. (coinme.com) (theblock.co)