Polygon Labs has completed its acquisition of Coinme, integrating regulated U.S. money transfer services into the Polygon Open Money Stack. The transaction establishes Polygon as a licensed payments provider covering 48 states with 37 money transmitter licenses, 11 exemptions, and FinCEN registration as a money services business.
Tazapay, Mesh, Toku, and Kira have become the platform's first customers, utilizing the infrastructure for cross-border commercial payments, account top-ups, global payroll, and USD services. The acquisition positions Polygon's Open Money Stack as a fully regulated entry point for institutional payment applications in the United States.
Polygon Labs Acquires Coinme to Launch Regulated U.S. Payments Platform
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