On January 13, 2026, Polygon Labs announced definitive agreements to acquire Coinme and Sequence for more than $250 million to expand into regulated stablecoin payments in the U.S. Both companies will play foundational roles in building Polygon's forthcoming Open Money Stack, which aims to facilitate instant and reliable money movement. The Polygon Open Money Stack includes physical cash and digital fiat on- and off-ramps, wallet infrastructure, and cross-chain orchestration through intents. Wilson Sonsini Goodrich & Rosati is advising Polygon on both transactions.

Coinme is a U.S.-regulated digital currency payments company offering fiat-to-crypto and stablecoin services through a nationwide network. Sequence develops enterprise smart wallets and a cross-chain routing engine for wallet-based payment flows.

The Wilson Sonsini team that is advising Polygon on the transactions is led by Jonathan Chan, Ethan Lutske, Kyle Canchola, Hallee Moore, and Brian Chan. The team also includes:

M&A
Andrew Kingsbury
Matthew Fleming
Jessica Li

Fintech and Financial Services
Jess Cheng
Andrew Kliewer

Antitrust and Competition
Ben Labow
Kimberley Biagioli

Technology Transactions
John McGaraghan
Atussa Simon
Isabel Annino
Graham Hendrick
Anna Weber
Nicole Boucher
Jennifer Cheng
Bryce McKay
Stephanie Stark

National Security and Trade
Joshua Gruenspecht
Anne Seymour
Seth Cowell
Grace Beck

Employee Benefits and Compensation
Brandon Gantus
Michael Montfort
Laura Yun

Employment
Matt Gorman
Sam Hussey

Data, Privacy, and Cybersecurity
Matthew Staples
Michael O'Brien
Chany Kim

Tax
Myra Sutanto Shen
Han Shen
Annie Jeong
Ryan Wong

For more information, please see Polygon's news release and blog. Additional coverage can be found on Reuters and Fortune.