Glide Acquisition Strengthens MoonPay's Cross-Chain Deposit Capabilities
Crypto payments platform MoonPay has completed its acquisition of Glide, a blockchain infrastructure company created by ex-Robinhood Wallet team members, to enhance its cross-chain deposit solutions.
The crypto infrastructure startup Glide has been acquired by MoonPay, which will incorporate Glide's routing and deposit technology into its platform, according to a joint statement provided to Cointelegraph on Thursday by the two companies.
According to MoonPay, a fintech company specializing in fiat-to-crypto payment solutions, the acquisition represents part of the company's larger strategy to position itself as a comprehensive digital asset infrastructure provider, expanding its capabilities beyond its core crypto payment offerings.
Former Robinhood Wallet team members Tushar Soni and Qinyu Tong established Glide in 2023. The startup was created to enable applications to receive deposits from various tokens, wallets, exchanges and payment methods. According to the platform's documentation, Glide provides support for over 100 tokens spanning 30 blockchain networks.
Glide aims to remove friction from crypto deposits
According to Soni's conversation with Cointelegraph, he and Tong created Glide to address a persistent challenge they witnessed during their work with Web3 consumer startups, where users encountered difficulties when attempting to fund their wallets.
"Funds sat on the wrong chain, in the wrong token, on an exchange, or on a card, and every deposit meant bridges, swaps, and drop-offs," he said.
Both Glide co-founders first connected while employed at Robinhood, where their collaboration centered on Robinhood Wallet. "We got into Y Combinator with a plan to build wallet infrastructure for Web3 consumer startups, but working with those startups showed us that users struggled to get money into their wallets," Soni said.
The company ultimately pivoted its focus away from wallet infrastructure toward developing a unified deposit flow that enables users to fund wallets from various chains, tokens, wallets, exchanges or cards without the need to manually execute bridges and swaps.
MoonPay pushes deeper into digital asset infrastructure
After the acquisition closes, Glide's technology will become part of MoonPay Deposits, a solution currently utilized by applications such as Wallet in Telegram, Moonshot and Paysafe.
In an interview with Cointelegraph, MoonPay CEO and co-founder Ivan Soto-Wright explained that the acquisition aligns with the company's comprehensive infrastructure strategy, coming after recent acquisitions focused on security, trading and accounting capabilities.
"Every acquisition this year has added a layer of the infrastructure that businesses and their users need to operate with digital assets: moving money, securing it, trading it, accounting for it," Soto-Wright said.
According to Soto-Wright, Glide solves one of the most significant friction points in cryptocurrency transfers: users experiencing fund loss due to sending incorrect tokens on incorrect chains, and he anticipates that future blockchain-based platforms will demand infrastructure that renders these complexities invisible.
The financial details of the Glide acquisition have not been made public by MoonPay.
This transaction represents MoonPay's sixth acquisition announcement of 2026, as the company maintains its expansion of its digital asset infrastructure stack through strategic acquisitions that include Sodot, Decent and DFlow, Entendre and Dawn Labs.
According to startup data platform Tracxn, the company's investor roster includes Thrive Capital, Paradigm, Valhalla Ventures, Tiger Global Management and Coatue.
Caroline Pham, former acting chair of the US Commodity Futures Trading Commission, received appointments as chief legal officer and chief administrative officer late last year.