Woofun AI reports that MoonPay has completed the acquisition of crypto infrastructure startup Glide, integrating its deposit routing technology to streamline Web3 funding flows. The transaction, disclosed in a joint announcement shared with Cointelegraph on Thursday, marks a strategic pivot for MoonPay, a financial technology platform known for fiat-to-crypto payment services. Ivan Soto-Wright, CEO and co-founder, stated that the deal is part of a broader effort to transform MoonPay into a comprehensive digital asset infrastructure provider, moving beyond its original crypto payments business to address deeper operational needs.

The origins of Glide trace back to 2023, when it was founded by Tushar Soni and Qinyu Tong, former members of the team behind Robinhood Wallet. Both co-founders met at Robinhood, where they collaborated on the Robinhood Wallet project before launching their own venture. They entered Y Combinator with an initial plan to build wallet infrastructure for Web3 consumer startups.

However, their direct engagement with these startups revealed a critical bottleneck: users struggled significantly to fund their wallets efficiently. Soni told Cointelegraph that this recurring problem prompted a strategic shift in focus from general wallet infrastructure to solving the specific friction points in deposit processes.

Glide’s technical capabilities are designed to handle complex multi-chain transactions. According to the platform’s documentation, the system supports more than 100 tokens across 30 blockchain networks. The technology enables applications to accept deposits from diverse sources, including different tokens, wallets, exchanges, and payment methods. By automating the necessary bridges and swaps, Glide eliminates the manual steps that often lead to user drop-offs. This unified deposit flow allows users to fund wallets seamlessly, regardless of the underlying chain or token type, addressing the fragmentation that has long plagued Web3 onboarding.

The strategic rationale behind the acquisition centers on resolving significant industry pain points related to asset transfers. Soto-Wright highlighted that users frequently lose funds because they send the wrong token on the wrong chain, a common error in decentralized environments. He predicted that future blockchain-based platforms will require infrastructure that makes these invisible complexities disappear for end-users. The acquisition adds a crucial layer to MoonPay’s infrastructure stack, complementing recent deals focused on security, trading, and accounting capabilities. Every acquisition this year has been selected to build out the full spectrum of operations businesses need to manage digital assets effectively.

Financial context for the deal remains undisclosed, but the transaction underscores MoonPay’s aggressive expansion strategy. Per Woofun AI, this marks MoonPay’s sixth acquisition announcement of 2026, following previous deals for Sodot, Decent, DFlow, Entendre, and Dawn Labs. The company’s growth is supported by a prominent roster of investors, including Thrive Capital, Paradigm, Valhalla Ventures, Tiger Global Management, and Coatue, as reported by platform Tracxn. These investments validate MoonPay’s shift toward becoming a foundational infrastructure layer rather than just a payment gateway, enabling it to compete in a crowded market by offering integrated solutions.

Leadership changes further signal MoonPay’s institutional maturation. Former acting chair of the US Commodity Futures Trading Commission, Caroline Pham, was named chief legal officer and chief administrative officer late last year. Her appointment brings regulatory expertise to the company, aligning with its broader infrastructure ambitions. As MoonPay continues to absorb smaller startups, it aims to create a seamless ecosystem for digital asset management. This consolidation trend suggests that specialized infrastructure providers will increasingly rely on integrated platforms to navigate the complexities of multi-chain operations.