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Polygon x Coinme x Sequence
Recorded: Jan. 13, 2026 Duration: 0:49:36Space Recording
Short Summary
Polygon Labs is making significant strides in the crypto space with its Open Money Stack initiative, aiming to integrate services from CoinMe and Sequence to enhance user experience and streamline payments. With over $2 trillion in on-chain value transfer, Polygon is positioning itself as a leader in stablecoin payments, responding to the growing demand from banks and enterprises for innovative financial solutions.
Full Transcription
Thank you. Thank you. We will get started in a little bit, everybody.
I'm just going to get some folks up on the stage here, and we will get this going. gmgagn to all our friends out here in the space today if you could do us the great honor in
jumping down into the bottom right corner making sure you repost out the space today if you could do us the great honor in jumping down
into the bottom right corner making sure you repost out the space give it a like drop a comment down
below obviously a massive week and massive day for over here at polygon labs excited to have
the conversation get things going we will kick things off very shortly just waiting for our
fantastic guests to join us but make sure you're all doing all things get these out to your web
three enthusiasts over 100 people in the space so far raise you rock and roll today appreciate
y'all for stopping by let's make it a fantastic one Thank you. I'll play a little bit of music while we are waiting for the rest of our guests. Yes. The Exiles in Yards
It's crowded on the weekdays
From April to May
Parts to party travels apart from the neat tree.
Sing about it and out and out.
Big clouds in the rear view.
It's got a little bit of a tip for spurs.
My favorite song that you quote each day with Wild dead in the
It's a green stick charm It's humid in the midwest
From June to July.
All beneath the pinkish sky from the wildfires,
which mantid our eyes in blind.
From the inside, it's been hard to tell.
I feel this down when it all goes well.
So call me when the world looks bleep, I'm here but it's hard to believe.
With every day we'll start to see, the rest is mad at my deity. All right, everyone.
We are still waiting on a couple more guests.
But why don't we start off with going around the room
and doing some introductions before we get going.
Why don't we start off with you, Mark?
Sure. Hey, everybody. It's Mark Boran. I'm the CEO at Polygon Labs, and yeah, really excited to
talk about this today. It's an exciting day.
Perfect. Thank you, Mark. All right, let's throw it on over to John.
Hey, folks. John Egan, Chief Product Officer here at Polygon.
Also super excited about the day.
Excited to have Neil and Peter here with us.
Lots to talk about.
Thank you, John.
Over to you, Neil.
Hey, everyone.
I'm Neil Berquist, co-founder and CEO of CoinMe. Looking forward to being here, being part of the Polygon team, Polygon community. Been a fan. Now I'm on the field. So looking forward to the conversation and what's going to come after this.
fantastic and we absolutely love to have you here neil uh we will be waiting on a few more here as
the space continues um peter will also be joining us as well as sandeep but we'll get things started
with a few questions oh peter just uh joined on stage peter how you doing today doing awesome
hey everyone uh peter founder and ceo of here. I see lots of friendly faces, so awesome for everyone to join.
And, of course, very excited to join forces with Polygon.
And we are happy to have you.
All right.
Well, we can get this going.
We have one more person.
Sindeep will be joining, but why don't we get
this kicked off? So why don't we start off with the first question for Mark?
So Polygon has facilitated over $2 trillion in on-chain value transfer. With Polygon focusing
on payments over the last year, what lessons did you take away from 2025 that you're applying
to the open money stack? Yeah, I think big picture is that you want something that's purpose built
for what you're doing. I think folks have heard me talk about this a lot. But one of the big things
is when somebody is deciding, you know, what they want to use to move money,
they're going to be looking for, you know, comprehensive solutions that actually solve
their problem. When, you know, we look at, you know, general purpose chains, which, you know,
Polygon was historically, you realize that you're stitching together a lot of solutions,
trying to, you know, make them good. And in some ways that
that's problematic from a performance perspective, but it's also just problematic from like an
integration perspective and, you know, actually going to market the way that you want as a company
that wants to use stable coins to move money. And the nice thing is that, you know, as we
look at the open money stack, you know, the goal there is really this one fully integrated,
vertically integrated product that is still open
to all of the other chains and systems out there,
but that does provide a vertical integration
that people can rely on to easily use it.
And that's something that we didn't have in 2025,
still saw massive increases in stablecoin volumes, but that could be accelerated significantly with one open money stack that is easy to use.
Love the answer, Mark. And I think really it's about bringing everything under one roof, right?
And that's the biggest portion that you've been highlighting here today.
portion that you've been highlighting here today uh was uh you know i attended the live stream an
hour ago uh on uh the coin telegraph conversation and it was really about that accessibility point
and making it that much easier for our builders to bring all money on chain as we've been stating so
uh appreciate the answer a ton with that being said we'll kick it over to john um just on this
idea of like open money stack and now obviously with the conversation around coin me and sequenceence with the acquisition, it sounds like, you know, very abstract to some people.
And that's where we've kind of been reviewing with the community.
Can you break down how, you know, what it is and how this is kind of, you know, filling a void in today's market?
Yeah, for sure.
Look, first of all, so excited about the acquisitions just because I think it starts to bring some clarity to how we're going to deliver this.
I remember when we were announcing the open money stack last week is just anxious to go and get to this next stage of, all right, let's help people understand how we're going to bring this, how we're going to make this happen, you know, where they're going to interact.
You know, a stack like this, good stacks go all the way to the metal, right?
If you sort of map backwards to, you know, early computer days when we were building on like lamp stacks, right?
All the way down to Linux, you know, and Apache sort of running at the base layer, you know, and then upwards towards like the languages you might operate against.
We have to do the same thing here.
And it's one of the big advantages of Polygon building this out is we have this base layer, this metal layer that is POS already
in place.
And when you think about the Open Money Stack, you can think about it as layering each of
the other kind of pieces on top of that, that let you choose kind of a point of accessibility.
So if you want to simply work directly against the chain, we've already got that.
You can come in and work directly against Polygon POS.
One layer above that,
we sort of have this concept of the payments network,
which is how do you move the money around?
And I think CoinMe really starts to sort of fill
the initial answer to this question
of what does it mean to ramp money into POS?
What does it mean to ramp it back out?
What does it mean to move that money around? What does it mean to move that money around?
What does it mean to get from fiat into crypto? And I think there's a whole set of services and
capabilities that we need to offer at that layer that Coin.me is kind of the kickstart to.
And then one layer above that, you sort of have these kind of slightly more abstracted financial
services, which we already have the beginnings of, but include things like, you know, yield generation,
you know, wallet as a service, a service, eventually treasury management, checkout,
these kinds of categories where maybe you don't want to work with the network directly,
you want to work with a layer above that where you can interact with the money
and then it gets taken care of by the payments layer and then the blockchain is powering it underneath.
And I think we get a lot of capabilities kind of at a developer layer here through sequence,
both kind of at that financial services layer as well as at the blockchain layer.
And then at the very top, you sort of have like an applications layer, which is more
of a future looking thing that we can kind of play into, which is sort of how do consumers
come directly in and interact with Polygon, you know, without having to know anything
about what's in between.
So I think like we'll continue to iterate on each of these layers
in terms of accessibility and capability
and methodology by which developers access it.
But today where we really are is the statement of
what is the extent of this stack that we're building?
And then here's how we're starting to build each layer,
especially with these acquisitions that are happening now.
with these acquisitions that are happening now.
That's great.
Great answer, John.
Thank you so much for that.
Now we have Sandeep that has joined on the stage.
So we're going to gear this next question for Sandeep.
So first, let's just check on in with him.
How are you doing, Sandeep? Can you hear us just check on in with him how you doing sandeep can you hear us
yes i can hear you guys perfect so so in the vision blog you and mark wrote uh you described
this as a generational moment where the next three years does define the next 30 years of money in
your mind what changed at polygon to take this moment, to make this
moment inevitable rather than theoretical?
I think this has a lot to do with the history of Polygon. I always keep saying that if you
see where Polygon excelled very heavily in 2021 2021 2022 time frame also was that polygon was bring
trying to bring real into this whether it was reddit or instagram launching nfts or starbucks
launching uh you know stable coin payments on their wallet or it was disney or whatever it is like you
know it was it was allgon show at that time also.
And, you know, after that, we went into a meme coin mania and a lot of other like speculative manias in between.
That's where I think, you know, those were not, not the places where Polygon did the great because I think it's, it's our DNA,
like our internal DNA is to build the real world utility and
bring real world utility on chain.
And to our, basically, we have been very fortunate that this year with the new government regime
change in the US and they adopting the stable coins really, really heavily, you know, opened
up all these doors for us and we realized that oh now
we have a real utility which is going viral all across the globe people are using it enterprises
are using its bank and then banks and b2b uh you know use cases are using it and this is where we
find ourselves so we were already growing very heavily in payments. And, you know, this year, like 2025 was the year where we formalized our strategy that this is where we want to be.
We want to move all money on chain.
And this is our mission.
And that resonated a lot with the whole team on all particular aspects.
And that's where, like we said that, you know know we have to go all in on this and this the acquisitions
and everything that you are seeing today is a culmination of all those strategic discussions
and everything um in one single place that how do we provide one single vertically integrated stack
like i almost think like this is basically now with the payments we are in the Apple Mac era of the computers.
Like previously we were in the PC era where you would go to market and you will buy a
CPU, you will buy GPUs, you will buy a motherboard and monitor and everything and you will assemble
your PC.
That's how you did the payments.
And we are now moving into, in terms of the blockchains, we are moving into the Apple Mac era of the payments
where you will have one single vertically integrated,
you know, single API or SDK as an enterprise
and you will integrate the payments into that.
And that's the vision that we are pursuing
that the Apple Mac or iPhone era of this thing
where we have everything.
We have the blockchain, we have the middleware, we where we have everything we have the blockchain we have
the middleware we have the api we have the wallet infrastructure everything smoothly integrated into
one stack just go and uh realize your business goals in fact that's that's how we reached here
love it sandy but again it's approaching it from so many different directions and that last portion
of accessibility through one single API,
and now it's the benefits of the entire blockchain that we know and love,
but now there's more things on the consumer focused area.
And I guess, John, pivoting back to you as well, this, this benefit,
this idea of the, uh, polygon open money stack, who are we targeting? Right?
Like who is this benefiting most out of, uh, you know, any of our,
our areas here?
Luke, sorry about that could not find the unmute button. So, so
what I was saying before about this a little bit, I'll repeat,
which was that, you know, depending on the type of user
you are, you know, you will interact with a different layer
of the stack, and everyone should benefit from the development of this, are, you will interact with a different layer of the stack.
And everyone should benefit from the development of this.
We're not really leaving anyone behind here.
Blockchain developers will immediately benefit from the injection of these developer tools
that we're getting, especially from Sequence.
I'm really excited about Trails.
We should let Peter really talk a lot about that and the opportunity for interoperability you know which is something that polygons cared about for an
awfully long time with its work on ag layer i think we're going to just see an incredible
accelerant there we know that that's important for being an open stack and for being you know
maximally usable by anyone who's building directly on chain you know what's maybe a little bit more
new for us is sort of traditional money movers you know anyone who's trying directly on chain, you know, what's maybe a little bit more new for us is sort of traditional money movers, you know, anyone who's trying to move money globally,
you know, internationally, whether you're doing that as a neobank, a fintech,
you know, a remittance company, you know, or even sort of just for personal developer exploration,
with the Coin.me acquisition, you can start to rely more directly on Polygon
for those capabilities.
And that can apply whether you're thinking about it specifically in terms of intermediary
blockchain things you want to happen, for example, ramping on chain and then taking
some action on chain to execute.
Or if you're thinking about it purely from just a money movement standpoint, which is, I've got dollars today and I need to get those out of the US into another location.
We're doing a lot of exploration on that space now that we're regulated.
And I don't think you necessarily have to think about the layer beneath,
which is the blockchain that we'll use to accelerate and increase reach,
but not necessarily sort of force you to understand how to manipulate
if you're a direct user.
And then I think looking forward towards sort of the more kind of financial services, I'd
like it to be a world where if you're a merchant and you're interacting with the open money
stack and you just want to accept payments in crypto or you want to manage your treasury
or you want to do multi asset FX or earn and yield, you know, even above kind of those money movement layer APIs, you should be
able to interact directly with capabilities that generate those solutions for you, you know,
potentially in a no code way. And then, you know, much, much longer term, maybe even kind of on an
application download standpoint. So it's going to be, you know, it's a journey, I think, that we've started.
And each week, I think we're going to have more updates on exactly how you can interact
with each layer of the stack.
But ideally, the whole goal of creating a stack like this is regardless of if you're
an at-the-metal developer, you know, or if you're a merchant selling shoes online, you
should have a way to
come in and interact with the layer that's most appropriate for you and lever all of the layers
beneath that. So I hate to, it's always a cop out to answer a question with everyone benefits. So
maybe I'll be a bit more specific, kind of out of the gate, which is today, if you're coming in and
trying to utilize the open money stack, you should get some great new advantages by coming and working with Polygon and us being able to lever these relationships
with Coin.me and with Sequence that weren't there yesterday.
And tomorrow, you'll be able to do that in a more seamless and self-service fashion.
Very exciting.
More accessibility no matter where you are. User, merchant, developer.
Thanks, John.
All right.
Well, let's go on over to Mark for this next question.
So, Mark, can you walk us through today's announcement, why it matters, and how bringing CoinMe and Sequence into Polygon helps move all money on-chain through the Polygon open money stack?
Yeah. helps move all money on chain through the Polygon Open Money Stack? Yeah, the goal with this is really accelerating the development of the Open Money Stack.
I think the first thing that's really important is when we defined what the Open Money Stack is,
we kind of referenced it as an open and integrated system. And this is very intentional because I
think it's important that you integrate different
pieces very closely. But I also think it's important for that system to remain open. And
this is especially grew in a world of, you know, on chain money, on chain money is going to want
to exist on many different chains, it's going to want to be onboarded from, you know, many different
providers, it's going to want to use multiple wallets and anyone
should be able to use those. I think that's incredibly important. Now, what we want to do
is also offer the opportunity for those who want an integrated solution to have an integrated
solution while not losing out on that openness. And that's generally the idea. With CoinMe, we now have,
we will have the ability to move, you know, digital money, as everyone thinks about it,
on chain, but we'll also have the ability to move cash on chain. And, you know, this is relatively
unique. And it does give opportunities to have the full kind of money movement happening on chain.
A lot of people still use cash. A lot of people want to send cash around the world and they have
no way of doing it today. When they're integrated using the open money stack down the road,
they will be able to, you know, on-ramp using cash and then go ahead and send that using stablecoins. They can already do that today
using CoinMate. And the similar thing is true for Sequence. Sequence has built a really strong
wallet over the last many years, eight years almost or so. And that is really the core to
people's on-chain interactions. They need the equivalent of an account that can be trusted, that they interact with.
And that is something that the Sequence team
has built very, very well.
Again, it's very open.
It supports over 50 chains.
And so the ability to actually integrate that
in the open money stack
now means that it's broadly available.
Same thing on the interop side.
Polygon's built the ag layer from a technical perspective,
but one level higher than that is trail sequence
has been building, which is in a patent based system.
And that really makes it incredibly easy
to move between chains.
So when we take these different pieces
and they're all available today and can be used today
and are valuable today, but when we bring them together in an integrated way, what that allows for is,
you know, an experience that is going to be much better for anyone wanting to integrate
stable coins and money movement around the world into their systems. And the nice thing is they're
not limited. They can do it in a very open way with other systems as well that are going to be interacting with the open money stack. And ultimately, that's the goal because any closed system is going to end up losing and an open system is going to win.
and all the resources that will be provided,
but also the accessibility of the OpenMoney stack itself.
I think it's the perfect marrying of why we build
in the Web3 blockchain world.
But speaking on the acquisitions,
the platforms that will be integrated here,
we'll get over to Neil from CoinMe.
If you could give us just a little background
on what CoinMe has done,
everything, the details that go into it,
why this matters,
like why the entire
Open Money Stack is so interesting from your all's perspective as well. And obviously, Neil,
welcome to the Purple family. We're really excited to have you.
Happy to be here. It's very exciting. It's been several months in the making,
you could say years in the making as well, as we look at how to build out the services from our perspective, which align perfectly with the open money stack.
And so very excited for what's to come.
Just brief background for those of you that don't know, CoinMe is a licensed and regulated exchange in crypto as a service provider in the U.S.
We got started back in early 2014.
We're actually the second licensed crypto exchange. Coinbase had gotten a state
license a couple of months prior. But for us, we really focus on the payments use case and
particularly around cash. Really thought that the killer app was making cash digital so that it
could be sent to any phone in the world faster and cheaper than all the existing solutions.
Here we are 12 years later, still
working to accomplish that at scale. We've accomplished that for, I'd say, the early
adopters of the market. But I'd say that the majority of the market is still waiting for
those end user applications to be better than the ones that currently have their money.
So that's what we're really excited about here
is by taking our infrastructure where we've,
we do all the things that crypto notoriously tries to avoid.
We love regulation.
We work with regulators and get licenses.
We do all the AML, BSA compliance
so that we can make sure that this is a sustainable business.
And that also enables us to do integrations with banks and card networks
and all of the systems that require a very robust compliance and controls.
And by doing that, we're able to take a decentralized world
and integrate it into traditional finance so that a customer can use a
debit card or physical cash or link a bank account. And that's where the market's at,
is they're still in fiat, they're still in these traditional financial systems,
and you got to be the bridge. And that's what we do is we're the bridge. And that's why our
crypto as a service offering, which is where we've really invested in the last five years, is where we've taken our back end platform that we use to power our CoinMe wallet, to power the cash network.
And we've opened that up to partners that they can build on top of that.
And so powering, you know, whether it's a Web3 native application like Exodus or powering MetaMask's new debit card. Every time you swipe, the crypto
is liquidated for fiat and then paid through the MasterCard card network or just focused on
and being an on-ramp and off-ramp for various applications where they want people to be able
to use a debit card or physical cash in order to participate on the platform.
So we're really excited to take what we've built
and be able to sprinkle some purple magic on it
and be able to leverage Polygon's distribution and brand.
I'd say that's the one thing
that we have not done a great job of
is really just bringing visibility to our capabilities. So here's a
win-win where now we're going to be synonymous with well-known brands like Bridge or Stripe and
alternatives in the markets. And we're winning those deals now, and we're going to win more of
them now that we're partnered up here. Also say we have some deals with banks. Banks have ever since the FTX fiasco have really pulled back.
But now with the federal regulatory support and OCC support,
some of the banks are coming back to the table.
And so with an open money stack, what we hear from a lot of the medium
to large banks is they they need a stablecoin solution.
And it's a competitive market and speed is important.
And one of the benefits of this is speed.
You have turnkey APIs, SDK, you can integrate and go to market in weeks,
not years, not months, weeks, and be able to render,
whether that's just simply taking fiat, putting it on chain and moving it anywhere,
or maybe that's enabling a multi-currency platform,
a trading experience.
It really does enable banks and other companies
to build a lot of different applications,
even though the primary focus here is money,
but people use money in a lot of different ways.
So super excited, a lot of different ways. So super excited,
a lot of things to come here. And now our press releases are Polygon's press releases. So you'll be seeing lots of momentum coming out in the weeks ahead. We'll probably have a new
partnership every other week going out. So excited to be able to contribute and be part of the team.
We're excited to have you, Neil. Thank you so much for that. All right. So now we're excited to have you neil thank you so much for that all right so now we're gonna go on over
to peter from sequence so peter uh can you tell the audience a bit about sequence the verticals
you've been focused on and how it will plug into furthering the success of the Open Money Stack?
Absolutely. Hey, everyone. First, just want to give an amazing shout out to my team.
You know, we've been on an eight-year journey together and, you know, people even on our team before we even started were in crypto doing amazing things and just very proud of us coming
together and working and getting here. I'm very, very proud of what we achieved at Sequence,
just specifically for the Sequence stack itself.
I think Mark said very well at the start of this talk,
talking about accelerating things.
For us, it's always been about accelerating the utility of
blockchains and the things you can do on top of blockchains.
For us, the blockchains are an amazing discovery and invention that represented to me internet native protocols of
a new standard around digital assets, around internet native finance. You know, back again,
back in 2017 when we started, I was like, well, there's a great opportunity here.
I know, of course, there were a lot of challenges around scaling and how is scaling going to look
like? What does it mean to architect around an application? How does it change the dynamics of
internet and economies and commerce and all these different things?
But of course, it was clear that it's going to be
a significant part of the future.
We knew scalability would happen.
We were close to looking at that research with a lot of great members.
For us, as much as we could have built a blockchain,
we're going to build the layer on top of the blockchain.
The blockchains are the hardware,
we're the software layer.
That was a really key part and we were just very focused on that. Having Sequence as a
stack that services many different components and challenges that developers have. We want to power
and serve developers so that they can create the utility. That's where it comes from, like any
great platform. So that's really where we've been. And Sequence is a very significantly, it's a large
stack, right? Mark talked about the wallet infrastructure. We've been very early on in account abstraction and smart wallets.
Our team coauthored the ERC 1271 back in September 2018,
when it was published, it's widely adopted.
We've always been advocates of account abstraction, smart wallets,
and we were literally on version three of sequence.
And yeah, so it's something, and as many of you know,
it has a lot of flexibility in the category and the things that you can do and the kind of the capabilities and how you can extend what a blockchain is able to do while preserving its integrity, extending its security and capabilities.
There's so much there. We specialize in transaction delivery, having really reliable and easy transaction delivery without worrying about gas, paralyzing things, bashing things. We spend a lot of time on our indexer, which, you know, of course,
indexes in real time all state on the blockchain, which is really critical.
We have high availability nodes and we have, so it's really, it's a layer that wraps itself
around a blockchain and we can really target any EVM chain and we do, we already support them
in unison, 50 of them and they run very well. We offer this great unified experience.
There's also a standard library of smart contracts.
So very proud of what we've achieved.
There's many, if you guys check out our github.com
slash zero x sequence,
there's a lot of open source stuff works that we have.
All the primitives are open core base.
We're very proud to also interoperate with all the different tools.
So there's so much about sequence that I'm so in love with,
and I'm so proud of what we've done.
And of course, you know, then, you know, just to say that we did Trails this year.
This is another product for one of the things we wanted to do is,
is one thing to build on top of the layer on top of the chains,
but then we need them to work together.
It's something we've always wanted to do.
We kind of waited for the market to solve it.
And we just said, it's great.
We're going to do it because it's taking them too long.
And that's just when we kind of layered our technology,
composed it, and we built a fantastic
product that works super well. Obviously, with the OpenMoney stack and Polygon, as you can see
in my profile pic and our Sequence logo, we are aligned in color with Polygon. We are very excited
and very proud to work along the amazing team and Sandeep's leadership and Mark's leadership and
having John come on board and Mood is really awesome too. And Neil is super great. And, you know, so I just think the vision for OMS is really
clear. Back to the same thing, like obviously we're going to be progressing there. I mean,
financial rails obviously are going to make sense as the first thing as it relates to assets moving
around the world and internet commerce. So, you know, there's so many more use cases and things
that touch these things, but it's very strong and effectively, like if Sequence helps you with kind of the crypto Legos and the crypto
rails, you know, with CoinMe and the OMS and everything else as it expands is really connecting
the traditional finance Legos as well.
So it's all the Legos together under a really unified and seamless stack.
So that's how it all comes together.
Love to hear, Peter.
And just hats off to the team.
I mean, being able first hand work with people
like sam and the engineers and everything that you guys have really put together like it is a day to
be proud right of course and now kind of unifying under one roof and having more resources here and
really putting everything together for oms and i'm just going to keep calling it that now um because
you have uh pushed that into my brain it's never going to leave, which is fantastic.
So really excited to have you here, obviously.
We'll come back to some more details on Trails.
I want to get back over to Neil as well.
One theme you touched on too was onboarding.
It's one of those hardest points that we reflect on
as far as how our tech has evolved.
It's always been a hurdle for most users to get on chain.
What matters from your perspective
about actually getting people comfortable
with moving their money on chain?
What has that experience been like for the team?
Yeah, great question.
We spent a lot of time on this
because even just small enhancements
can be the difference of millions
of additional users coming on chain.
Really for us, it's balancing two worlds.
On one camp, you have AML fraud risk controls, where you have state and
federal regulations that are fairly strict about what you need to do there.
And then on the other side, you have the user experience where you want low
friction and just it to be easy.
And so in the middle is
the opportunity for a lot of product innovation and fortunately there's a lot of great tooling
out there now where we don't need to just ask everyone to upload a selfie in a front and back
of their id or passport and go through what i'd call now an archaic process where that's not
necessary anymore i mean you don't you're not going to go onto Amazon and buy something for $1,000 and upload your
That just doesn't make any sense.
But the way the regulations are structured is you would need to.
So what we've done is enabling people to create accounts with things like personal KYC information like their name,
phone number, birth date, an address, maybe not required, or the last four of their social,
and just give them optionality. So if someone wants to provide information and we get what we can,
then they're approved for certain transaction limits.
And so we call this really a tier-based KYC approach
where if someone maybe doesn't wanna give us
all of the info that they would need
to create like a bank account,
then they're able to transact,
but maybe at a lower daily limit,
and maybe that's fine
because they're maybe just remitting money every other week,
and that's generally about $300.
So in order to do that type of flow, you don't need to collect the KYC information as if they're doing $100,000 trade for various crypto assets.
And so by creating this modular approach and it's risk-based and volume-based,
you really enable these different use cases
to have as low friction as possible
while still solving for fraud risk and the AML control.
So really excited to continue innovating in that space.
And then once you're on chain,
there's certainly strategies to just ensure
there's no friction and still be compliant in that world
too with lock explorers. And as long as money's not moving to like a sanctioned country, there's
some just pretty obvious things that we can protect and control for, at least in the CoinMe
regulated side. That's part of the, I don't know if it's secret sauce, but CoinMe is a wholly owned
subsidiary here as a regulated subsidiary.
So CoinMe is the one that bears the brunt of the regulations and those controls.
And we take those very seriously and implement those.
Polygon, you know, at the parent level and at an on-chain level really is immune to a
lot of those controls and so for certain
use cases that are just purely all on chain that friction doesn't have to be introduced
unnecessarily whereas uh some companies in the in the crypto as a service space
are fully regulated top to bottom all services are regulated. So even if it's a swap, or even if it's an on-chain
send, or if it's yield, it's full regulation, full KYC, full reporting, you know, sending your
info to the IRS, all of that. But what's the way we're structured here is it's really as needed.
And I think that is going to be really important because choice and optionality is key to the open money stack.
Thank you for that, Neil. Neil, love to hear about the optionality of KYC.
I know that that is a big friction point for a lot of users.
So for this next question, we're going to go on back to Peter.
So Peter, a big draw of Trails is to abstract away blockchain complexities from the end user.
What parts of today's crypto UX simply can't exist anymore for on-chain payments to win in the future?
Yeah, I think, you know, to kind of tell you why we made trails and how it connects to crypto UX and so forth, you just look at the evolution of how the space came to be.
There's ever more growing chains.
There's hundreds of chains.
There's going to be even more chains.
There are thousands of tokens and every token can potentially be used as a medium of payment.
You know, and at the same time when you are, and there's lots of wallets, there's going to even be
more wallets. So there's this, what I say, the triple fragmentation problem. There's so much
fragmentation for any application who's looking to be a business that's servicing and being on
chain and allowing to even monetize is going to tremendously struggle because if a user doesn't
show up with money in their wallet, where they authentic, like let's say they sign in with a
Google account, they got nothing in there. Well, they're not a very useful customer, right?
Or how do they move money into it?
Or how do they onboard even fee it?
Again, that's another part of the OMS that's important.
But how do you even have buying power?
How do you support all the wallets?
And how do you make it so that users can have a very internet native or e-commerce like
experience to interact in this next generation of internet and of commerce?
So that's where Trails came in.
And what I love and Sequence,
as we built all these building blocks and we've
solved all these different challenges,
different parts with Trails as it really puts it all together.
Trails is actually powered 80 percent of the technology is literally Sequence.
We touch every single one of those infrastructures I mentioned,
we use all of them altogether.
We even use Sequence V3 account abstraction wallets to design or
intent primitive on-chain so it can be fully verifiable on-chain.
And so for us, it's really delivering how can users just have something so seamless
because there's a lot of applications that say, I want to get paid in crypto
or I'm an application that's native and I want to be able to have a particular contract.
So we can do any arbitrary contract execution and orchestration of assets and flow in a single user confirmation
from any wallet.
So that's a really, really great achievement.
And to build that again, there's a lot of different layers at the contract level, at
a backend level, at a client level and all the info behind it.
I think, you know, we're still going to just to kind of back to what we're, you know, crypto
is going to keep evolving.
There's going to be lots of different wallets and we care about all the wallets.
We want users to be able to show up and transact.
We also like to, you know, Sandy's point about the Apple integrated thing.
I think that that's exactly right.
You want to have something that's fully batteries included, works really well together.
That's very intentionally designed, that works super well.
And that is, of course, what we're going to achieve with the OMS.
And that is a lot of philosophically always what Sequence has been about. And we're going
to do that a lot more even with traditional finance Legos. Trails is also that in a different
way where we want again, we want to facilitate payments and on chain like internet level
commerce in the biggest way because crypto is growing in terms of asset power and buying
power. And so we want to be able to allow, you know, on-chain or internet applications to be able to service
and tap into these users.
So that's pretty much it.
And plus, the other thing I'll say is,
then what's really important with OMS and Coin.me
and other initiatives is how can we ensure
that users can then use credit card or other forms of payment
to be able to go and transact
and everything just fully orchestrates and puts together.
So ultimately, if you think about it, it is the orchestration of money flow.
And so it's a continuation of really what Trails is doing on-chain into connecting all of it
all together. So yeah, that's pretty much it. Love it, Peter. And again, it's just about that
accessibility point and how we can make things easier for the end users. And Trails is playing
a huge portion of that. I'm such a big fan of what you all are building over there and uh now adding it to ms as a whole really exciting
time um with that we are going to pivot back over to john um just kind of a general sense you know
uh john for for a question for you um if you're a builder or an institution a fintech an enterprise
and you're listening to this and you've heard the announcement about open money stack and now
You know the combination of tools that we had and that we currently have
What's the single most important thing you would do in the next six months to kind of
Adapt to the new movements that are being made on chain
I'd start opening up your communication lines to the Polygon BD team to help you go and build that as successfully and easily as possible.
If you go hit polygon.technology, we've got pathways to go and contact our team.
You know, we are looking for partners to build as we continue to extend and create this stack.
We already have a large number of names that we haven't announced yet, you know, on board who we're building alongside with.
You know, as an alternative, if we're looking at a timeline as far as six months, you know, expect to see significantly more documentation from us as well to come up and get running.
I would encourage everyone to go and hit, you know, sequence and trails, websites and experiment with those APIs directly.
Coin.me as well, especially if you're a business providing B2B2C type services.
You know, I think there's all these different ways to come in and engage very directly with Polygon.
And look, I think in a lot of blockchain, that kind of a situation is rare.
It can be really tough if you're a builder to go and reach out directly to the chain,
you know, directly to sort of the folks who are defining how those interaction
layers are going to work.
And there's a pretty rare and exciting moment
to come and do that with Polygon today.
So I'd encourage, I usually hop on these calls
and say things like, more people need to build.
But I think the builders are there, has been our experience.
And we're here to partner with you
and to help realize this vision alongside you.
Perfect. Thanks for that, John.
So we've actually come to the end of our space, so I'm just going to throw it on over to Sandeep.
Do you have any final thoughts for the audience?
The final thoughts basically is watch out for Polygon in payments. This is basically,
probably in the whole blockchain industry, this is the most unique strategy that we have uh
we have taken and we're already winning very heavily in payments and uh you know the goal is
to make polygon the largest stable coin payments network and uh you know in turn make polygon labs
the largest payment uh stable coin payment processing company. So watch out for that in the coming months.
Yeah, we are going to do some amazing work.
Fantastic, Sandeep.
Appreciate you being here today, giving some overviews and insights into why we are positioned so uniquely.
Again, like this is on par with how Polygon has moved.
We have been the innovator, right?
We have made big bets on which direction our company, as well as which direction the space will go.
And now focusing on that payments avenue, really making our stand and planting our flag for the rest of the year.
We are really excited for the future and everything that has to hold.
Smokey, any other wrapping up points, any other places that the team can be found here today?
I'll turn it over to you for any closing thoughts.
And as Twitter does, we are having some issues.
If you all haven't been on the timeline today,
it has been a little bit of a mess.
So with that being said, I will close it out here. There are a couple different places you can find
our team here today. Again, if you all want to jump over actually to Reddit, we have pinned up
to the top of the space here. Any questions you have, we will be hosting an AMA over on that side
as well. So feel free to get your questions in. If you're a builder, if you're a user,
anything you might have, feel free to drop those here.
We'll be reviewing questions, obviously,
in the chat here
and providing some more feedback for our teams
to make sure we're communicating these things
as effectively as possible.
But with that being said,
I appreciate everyone for stopping by here today
to overview Open Money Stack,
all the details that came with the announcement here today
with CoinMe and Sequence.
We are greatly appreciated for the community that has gathered, for the people, all the details that came with the announcement here today with CoinMe and Sequence.
We are greatly appreciated for the community that has gathered, for the people, for the builders.
If you have any questions, reach out to myself.
I'll point you in the right direction for our fantastic team here.
I do some efforts over in BD as well in growth. So making sure you all have access to our team is a massive priority as we move forward here today.
With that being said, we'll wrap it up.
Thank you, as always, to our speakers here, everybody on stage. Make sure you give them a follow. Stay
up to date on all announcements coming from Polygon Labs, and we will see you all very
shortly. Enjoy the rest of the week, fam. Thank you.
Insights
P
Mark Boran, CEO of Polygon Labs, expressed excitement about the collaboration with CoinMe, highlighting the strategic importance of integrating their services to enhance the Open Money Stack.
Why don't we start off with you, Mark?
Sure. Hey, everybody. It's Mark Boran. I'm the CEO at Polygon Labs, and yeah, really excited to
talk about this today. It's an exciting day.
John Egan, Chief Product Officer at Polygon, emphasized the significance of the partnership with CoinMe, which aims to streamline money movement and enhance user experience in the crypto space.
Perfect. Thank you, Mark. All right, let's throw it on over to John.
Hey, folks. John Egan, Chief Product Officer here at Polygon.
Also super excited about the day.
Neil Berquist, co-founder and CEO of CoinMe, shared his enthusiasm for joining forces with Polygon, indicating a strong alignment with the goals of the Polygon community.
Hey, everyone.
I'm Neil Berquist, co-founder and CEO of CoinMe. Looking forward to being here, being part of the Polygon team, Polygon community. Been a fan. Now I'm on the field. So looking forward to the conversation and what's going to come after this.
fantastic and we absolutely love to have you here neil uh we will be waiting on a few more here as
Peter, founder and CEO of Sequence, expressed excitement about collaborating with Polygon, reinforcing the importance of their combined efforts in advancing the Open Money Stack.
with a few questions oh peter just uh joined on stage peter how you doing today doing awesome
hey everyone uh peter founder and ceo of here. I see lots of friendly faces, so awesome for everyone to join.
And, of course, very excited to join forces with Polygon.
Mark highlighted that Polygon has facilitated over $2 trillion in on-chain value transfer, showcasing significant growth and adoption in the blockchain space.
So Polygon has facilitated over $2 trillion in on-chain value transfer. With Polygon focusing
on payments over the last year, what lessons did you take away from 2025 that you're applying
to the open money stack? Yeah, I think big picture is that you want something that's purpose built
Mark emphasized the importance of integrating solutions under one roof to enhance user experience, which is crucial for driving growth in the crypto ecosystem.
still saw massive increases in stablecoin volumes, but that could be accelerated significantly with one open money stack that is easy to use.
Love the answer, Mark. And I think really it's about bringing everything under one roof, right?
And that's the biggest portion that you've been highlighting here today.
Sandeep discussed the evolving landscape of payments in the blockchain industry, indicating a trend towards making Polygon the largest stablecoin payments network.
So we're going to gear this next question for Sandeep.
So first, let's just check on in with him.
How are you doing, Sandeep? Can you hear us just check on in with him how you doing sandeep can you hear us
Neil mentioned that banks are increasingly looking for stablecoin solutions, indicating a growing demand for innovative financial products in the crypto space.
to large banks is they they need a stablecoin solution.
And it's a competitive market and speed is important.
And one of the benefits of this is speed.
Peter discussed the fragmentation in the crypto space and the need for seamless user experiences, highlighting a trend towards simplifying on-chain payments.
around the world and internet commerce. So, you know, there's so many more use cases and things
that touch these things, but it's very strong and effectively, like if Sequence helps you with kind of the crypto Legos and the crypto
rails, you know, with CoinMe and the OMS and everything else as it expands is really connecting
