Polygon Labs Completed Acquisition of Coinme

The purchase grants the blockchain firm significant money transmission capabilities across the United States.

Updated on Oct. 14, 2026 in Financial Services

Polygon Labs Completed Acquisition of Coinme

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Polygon Labs has officially finalized its acquisition of Coinme, securing money transmitter licenses across 48 U.S. states. This move integrates essential regulatory credentials into the company's broader payments infrastructure.

Why it matters

The deal aims to accelerate the integration of fiat currency handling into the blockchain ecosystem, allowing for smoother cross-chain routing and settlement. It provides the firm with critical regulatory compliance tools necessary to operate within the U.S. financial landscape.

The acquisition is part of a larger $250 million deal that also included the purchase of Sequence. The company now holds 37 state money transmitter licenses and 11 applicable regulatory exemptions across the country.

The players

Polygon Labs

This blockchain software development company focuses on building infrastructure for the Ethereum ecosystem and decentralized finance applications.

Coinme

This company operates as a registered money services business with the Financial Crimes Enforcement Network and specializes in cryptocurrency exchange services.

The details

The integration leverages the Open Money Stack platform, which combines fiat on- and off-ramps with wallet technology to facilitate seamless cross-chain transactions. By connecting these services, businesses can accept various funds, settle them using stablecoins, and initiate payouts in local currencies.

The acquisition deal was first announced in January 2026.
Polygon Labs completed the acquisition of Coinme in October 2026.

Market Landscape

The integration of Coinme into Polygon Labs significantly advances the Open Money Stack platform's capabilities in handling regulated fiat-to-crypto settlements. This move positions the firm to compete more aggressively with traditional fintech players by streamlining complex cross-border payment flows.

Customers of the Open Money Stack platform may eventually see faster and more reliable transaction settlements as the new regulatory licenses are fully integrated. These improvements are intended to lower the friction for businesses looking to convert between digital stablecoins and traditional local currencies.

The takeaway

This acquisition highlights the growing trend of blockchain developers securing traditional financial licenses to bridge the gap between digital and legacy systems. Businesses should watch for the wider rollout of these integrated payment tools as they move out of technical preview phases.