MoonPay has acquired Glide, a crypto deposits infrastructure company founded in 2023 by Tushar Soni and Qinyu Tong, the engineers who led the build of Robinhood’s crypto wallet. Glide’s team, technology and existing customers are folding into MoonPay with immediate effect, the company confirmed on 16 July 2026.
Glide’s core product lets applications accept crypto deposits from any token, wallet, exchange or card without requiring users to manually convert funds to a compatible token on a compatible chain before transacting. Its in-house routing layer selects between an instant relayer and bridge-and-swap routes, optimising for speed and cost, while settling cross-chain transactions in real time. The company supports deposits across more than 100 tokens and 30 blockchain networks, including funding from centralised exchanges and fiat onramps. It reported more than $100 million in annual processing volume at the time of the deal.
The deal
Glide’s deposit technology will integrate into MoonPay Deposits, a product MoonPay already operates for a roster of clients that includes Wallet in Telegram, Moonshot and Paysafe. Deposits are received via self-custodial escrow smart contracts that are verifiable on-chain. MoonPay positions the combined product as the most compliant non-custodial funding solution in the market, though that characterisation was not independently verified.
Ivan Soto-Wright, chief executive and co-founder of MoonPay, said: “Glide has built some of the best deposit technology in the market. Bringing their team into MoonPay accelerates our deposits strategy and puts us at the centre of where this category is headed.” Tushar Soni and Qinyu Tong are both joining MoonPay as part of the transaction. Financial terms were not disclosed.
This is MoonPay’s sixth announced acquisition in 2026, following Sodot (key management, forming the basis of MoonPay Institutional), Decent and DFlow (folded into MoonPay Trade), Entendre (AI accounting agents) and Dawn Labs (AI-native trading infrastructure). Each deal has added a distinct infrastructure layer: custody, order routing, artificial intelligence accounting, AI trading and now multi-chain deposit acceptance.
Market context
Wrong-token and wrong-chain deposits are a persistent failure mode in digital-asset onboarding, one that results in permanent or temporarily inaccessible funds for retail users and significant support overhead for platforms. Solving it cleanly at the infrastructure level has commercial value for any application trying to reduce onboarding friction without increasing KYC repetition or requiring users to hold the native token of a given chain.
MoonPay’s acquisition pace in 2026 reflects a broader strategic pattern visible across several digital-asset infrastructure providers: vertical integration of the payment stack rather than reliance on third-party rails. The company’s existing regulatory footprint, which includes a New York BitLicense, a New York Limited Purpose Trust Charter, US money transmitter licences across multiple states and Markets in Crypto-Assets (MiCA) authorisation in the EU, gives it distribution reach that smaller deposit-layer startups cannot readily replicate.
Competitors in the cross-chain deposit and bridging segment include a range of DeFi bridge operators and infrastructure providers, though MoonPay’s regulated, institutional-grade positioning sets a different risk and compliance profile from permissionless alternatives. With MiCA now operative and EU supervisors scrutinising crypto service providers’ custody and fund-flow arrangements, the compliance architecture of any deposit product is becoming a meaningful differentiator rather than a secondary concern. The Glide deal, and its emphasis on self-custodial escrow and on-chain verifiability, appears designed with that regulatory trajectory in mind.
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