Polygon takes two in acquisition of Coinme and Sequence (TWIF 1/18)

Hello Fintech Friends,

Please find another week of fintech exits and deep reads below.

Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm

News coverage written and provided by Rachel Chang.

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Reads of the Week

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Exits

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IPOs & SPACs

BitGofiled for a US IPO on the NYSE under the ticker BTGO, targeting a $1.96 billion valuation for its digital asset infrastructure business.

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M&A - Fintech

Polygon LabsacquiredCoinme and Sequence for more than $250 million to build out its upcoming fiat and digital payments solution.
iAltiA HoldingsacquiredBridgeFT, expanding its wealth infrastructure capabilities.
Fireblocksagreed to acquire Tres Finance, a financial data and reporting platform for digital assets.
Point72 Venturessold more than $100 million in stakes of its fintech startup portfolio to a new continuation fund.
S&P Globalcompleted the sale of its enterprise data management (EDM) and thinkfolio businesses to private equity firm STG, where the EDM platform is used by buy and sell-side financial institutions.

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BREAKING: Polygon to become U.S. regulated payments platform

We’re acquiring Coinme and Sequence to move all money onchain.

→ Regulated money movement in 48 states

→ Fiat on/off ramps

→ 50,000 fiat-to-crypto locations in the U.S.

→ Easy onboarding with wallet infra

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M&A - Banks and Financial Institutions

Old Glory Acquisitionagreed to merge with Digital Asset Acquisition Corporation (DAAQ) in a $250 million SPAC deal to take Old Glory public.
U.S. Bancorpsigned an agreement to acquire BTIG, a California-based financial services firm, in a deal worth up to $1 billion. Deal expected to close in Q2 2026.
Atomic InvestacquiredGroene Hart Financial Diensten to broaden its white-label wealth management and brokerage services in Europe.