MoonPay acquired crypto infrastructure startup Glide. According to the joint statement made by the two companies on Thursday, within the scope of the agreement, Glide’s deposit and routing technology will be integrated into MoonPay’s system. MoonPay is known as a fintech platform that offers payment services from fiat to crypto assets.
The system developed by Glide stood out
MoonPay positioned this acquisition as part of the company’s broader digital asset infrastructure strategy. The company aims to go beyond the crypto payment services it focused on in the first stage and transform into a more comprehensive infrastructure provider.
Glide was founded in 2023 by Tushar Soni and Qinyu Tong, who previously worked together on the Robinhood Wallet team. The initiative focused on making apps more easily accept deposits from different tokens, wallets, exchanges and payment sources. According to platform documentation, Glide supports more than 100 tokens across 30 blockchain networks.
Mini dictionary: Y Combinator is a US-based organization that invests in early-stage technology startups and runs an acceleration program. Glide founders shaped their first product plans during this program period.
Funds were staying in the wrong network, in the wrong token, on an exchange or card; Every deposit transaction caused user loss due to bridge and exchange steps.
Tushar Soni said that when working with Web3-focused consumer applications, they regularly see users having difficulty transferring money to their wallets. The company’s initial plan was to develop wallet infrastructure. However, the team changed product direction when they realized that the main problem was the difficulty users had in getting their assets to their wallets on the right network and the right token.
MoonPay is preparing integration into its existing products
After the acquisition, Glide’s technology will be added to the MoonPay Deposits product, which is currently used by applications such as Wallet, Moonshot and Paysafe in Telegram. This structure aims to allow users to send funds to their wallets through different networks, tokens, wallets, exchanges or cards without performing manual bridge and swap transactions.
Every acquisition we’ve made this year has added a new layer to the infrastructure businesses and users need to work with digital assets.
MoonPay CEO and co-founder Ivan Soto-Wright emphasized that the agreement is in line with the company’s latest moves in security, trading and accounting. Soto-Wright stated that Glide offers a solution to fund losses especially due to the wrong token being sent to the wrong network, and that in the future, blockchain-based platforms will need infrastructures that hide this technical complexity from the user.
MoonPay did not disclose financial terms of the acquisition. This transaction was the sixth acquisition announced by the company in 2026. MoonPay had previously acquired companies such as Sodot, Decent and DFlow, Entendre and Dawn Labs.
The company’s investors include Thrive Capital, Paradigm, Valhalla Ventures, Tiger Global Management and Coatue. Additionally, Caroline Pham, the former interim chair of the U.S. Commodity Futures Trading Commission, was appointed as chief legal officer and chief administrative officer at MoonPay late last year.
