Polygon Labs says it has signed definitive agreements to accumulate a pair of US-regulated crypto funds companies.
Polygon says it’s shopping for the digital asset funds platform Coinme and pockets infrastructure supplier Sequence for greater than $250 million.
The deal goals to construct the Polygon Open Cash Stack to allow compliant stablecoin funds at international scale.
Coinme, based in 2014, operates fiat-to-crypto providers throughout 48 U.S. states with money-transmitter licenses, a community of over 50,000 retail places and enterprise APIs.
It serves a couple of million customers and main companions.
Sequence, based in 2017, gives sensible wallets, a 1-click cross-chain engine and infrastructure supporting networks like Polygon, Arbitrum and Immutable.
Along with Polygon, the businesses have processed over $1 billion in off-chain gross sales and greater than $2 trillion in on-chain worth transfers.
The Sequence transaction is predicted to shut this month, with the Coinme deal slated for Q2 2026, topic to regulatory approvals.
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