Advising Polygon Labs on US$250m acquisition of Coinme and Sequence

Our Corporate team recently advised Polygon Labs on its definitive agreements to acquire Coinme and Sequence for more than US$250m to expand into regulated stablecoin payments in the U.S.

The acquisition gives Polygon access to licensed U.S. fiat on- and off-ramps, along with smart wallet infrastructure and cross chain payment tools. Together, these capabilities will help build Polygon’s upcoming Open Money Stack, designed to move money instantly, reliably and at scale.

Our team was led by partners Christopher Brett Young and Melissa Lim, with support from Samuel Buchan. 

Christopher shared: 'We’ve enjoyed advising Polygon and this transaction reinforces Walkers' position at the forefront of offshore complex cross-border M&A in the fintech sector.'

Wilson Sonsini Goodrich & Rosati acted as U.S. legal advisor to Polygon Labs on the transaction.