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Crypto M&A deals: 43 since July, 10 name the buyer

By NAUT Research · · 7 min read

43 Crypto M&A deals logged by NAUT, 1 July to 24 October 2026, 10 with a named buyer. Logos: Farcaster, Tazapay, OpenZeppelin, TradeZero, Loopscale, ZealWallet, BTCBOX, AptPay, Bluvo, Polymath, FastNEAR, Efforce.

NAUT tracks 43 crypto M&A deals announced between 1 July and 24 October 2026, about 1 every 3 days. 10 of the 43 carry a deal note that names the other side of the deal, all 10 announced in October 2026, and 6 rows carry a price: 5 of those come to $750.5M, with the sixth, OpenRouter at $7B, held outside that total.

Data as of 2 November 2026, from NAUT's own deal records. The scope is every row NAUT types as an M&A event for a crypto or Web3 company, announced from 1 July 2026 to the latest row on 24 October 2026. Counts are NAUT's record, never the whole market: a deal with no buyer on the row means NAUT holds none for it, not that nobody was named anywhere. Each of the 10 deals with a named buyer, and each price with an outside report on file, is linked under Sources at the end. NAUT's record carries a sixth priced row, OpenRouter on 16 August at $7B, with no buyer on the row; Dakota and TechCrunch, both dated 16 August 2026, name Stripe as the buyer outside NAUT's record. That 1 figure is more than 9 times the other 5 put together, so this report keeps it out of the $750.5M and names it here instead. NAUT Research wrote this report; no one paid for it.

Which crypto M&A deals closed since July 2026, and who bought?

These are the 10 rows that name the other side of the deal. Every one of them was announced in October 2026. 7 of the 10 carry the buyer as a linked company on NAUT; the Loopscale, ZealWallet and BTCBOX rows name it in their deal text.

Date Target Buyer Deal note
8 Oct Orca Merging with Orca into Formation
8 Oct Native Acqui-hire as came out of stealth
8 Oct Acquired, the team stays on the same endpoints
8 Oct Closed, Polymesh moves under a Nasdaq listing
12 Oct Conditional merger agreement signed
13 Oct Acquired, both co-founders joined
15 Oct Acquired from Neynar, terms not disclosed
19 Oct Definitive deal, closing set for Q4 2026
23 Oct ether.fi Selected assets sold, accounts, keys and funds left in place
24 Oct RedotPay Acquired, per NAUT's deal record

7 of the 10 buyers have a NAUT page of their own, so a BD team can open the acquirer and the target side by side. Orca, ether.fi and RedotPay sit in the deal record as text only.

Who bought whom, and what did each buyer get?

  • runs fixed-rate credit on Solana, and is merging with Orca into a platform called Formation that puts trading liquidity and fixed-rate credit in one place.
    • CEO: Mary Gooneratne
    • NAUT's 1-line note on that row says only that it is merging into Formation and names no counterparty; the row's own summary and Orca's post both name Orca.
  • Native was bought by on the day Anyflo came out of stealth, as an acqui-hire for enterprise stablecoin payments.
  • runs the RPC and data infrastructure many NEAR apps call, and now sits inside with the same endpoints.
  • built the Polymesh chain for regulated assets. Its buyer, , is Nasdaq-listed, and the deal closed on 8 October 2026: "TruGolf completed its acquisition of Polymath on October 8, 2026".
  • signed a conditional sales and purchase agreement with , a Nasdaq-listed conglomerate, so this one still has closing conditions ahead of it.
  • built exchange-connectivity software and went to , the crypto payments network, with both co-founders joining.
  • was acquired from Neynar by , with terms not disclosed.
  • runs account-to-account payouts, and signed to buy it outright: "KORT Payments has agreed to acquire 100% of AptPay Inc." It will run as a KORT division after closing.
  • sold selected assets to ether.fi, which opened an optional in-app migration for users while accounts, keys and funds stayed where they were.
  • is a Japanese exchange, and NAUT's record has RedotPay acquiring it to serve Japan under local rules.

How much did the 5 priced crypto M&A deals cost?

Ranked by the price on NAUT's record, largest first. The prices are NAUT's own record. None of these 5 rows carries an acquirer on NAUT, so the buyer column gives the name in the dated outside report under Sources.

Date Target Price Buyer
8 Sep $400M Circle
11 Aug $231M eToro
23 Sep $60M MoonPay
27 Aug $42.5M BitGo
31 Aug $17M Fomo
Price per deal, the 5 crypto M&A rows with a figure on NAUT
  1. Tazapay$400M
  2. TradeZero$231M
  3. North Capital$60M
  4. NYDIG$42.5M
  5. Mobulaio$17M

Tazapay and TradeZero account for $631M of the $750.5M, so 2 deals carry 84% of the priced total. Apart from these 5 and the OpenRouter row, the other 37 rows hold no price at all on NAUT's record. The Mobulaio deal is reported under the name Mobula, and the NYDIG row carries only the $42.5M upfront figure on NAUT's record, while CoinDesk's 28 August report names BitGo as the buyer and adds a $15M earnout on top.

Which sectors do NAUT's crypto M&A deals sit in?

13 of the 43 rows carry a sector tag and 30 do not, so sector is a filter for part of the list rather than all of it.

Sector Deals Example
Infrastructure 4
DeFi 3
SocialFi 2

AI, CEX, DePIN, Intelligence, Media, Payment, Prediction Market and Security hold 1 tagged row each, among them Tazapay under Payment.

Which other companies has NAUT logged in an M&A row since July?

The remaining 33 rows hold a target and a date, with no buyer on NAUT's record. 6 of them carry a price, the 5 in the table above plus the OpenRouter row, and the other 27 carry neither a buyer nor a price. They are still worth a read for anyone building a list of crypto acquisition targets, because a company that already signed an M&A event is a company whose cap table moved.

Month Companies Rows
July 2026 , , , , , , , , , , , , , , , 16
August 2026 , , , , 5
September 2026 , , , , , , , , , , , Riva Labs 12
October 2026 The 10 deals in the first table 10

Riva Labs and Native are the 2 targets in this window with no NAUT page yet.

What this tells a BD team

  • 4 of the 43 deals landed on 1 day, 8 October 2026: Loopscale, Native, FastNEAR and Polymath. 6 landed in the 6 days from 8 to 13 October. A week like that is a week to call people, because reporting lines move while integrations are being planned.
  • A buyer that bought once is a buyer to pitch. Mesh, KORT Payments, TROOPS, TruGolf, SVRN, Anyflo and Network School all have a NAUT page with their team on it.
  • The 2 pending deals, AptPay with closing expected in Q4 2026 and Efforce on a conditional agreement, still have 2 separate sets of decision makers to reach.
  • Payments is where the money went: Tazapay at $400M and AptPay are both payments businesses, and so is Anyflo, which bought Native the same month.
How a BD team can work this list
  1. Start with the 10 named dealsEach row names a buyer and a target, from Mesh and Bluvo to KORT Payments and AptPay.
  2. Open both sides on NAUT7 of the 10 buyers have their own NAUT page with the team listed.
  3. Time the call to the deal4 deals landed on 8 October 2026 and 6 in the 6 days to 13 October, so those teams are mid-integration now.
  4. Pitch the pending 2 firstAptPay closes in Q4 2026 and Efforce is still conditional, so budgets are not set.

What this tells a founder weighing a sale

  • Price is rarely public: 6 of the 43 rows carry a figure and 37 do not. None of the 10 deals that name a buyer carries a price on NAUT's record.
  • Acqui-hires are a live route. Native went to Anyflo as an acqui-hire, Bluvo went to Mesh with both co-founders, and FastNEAR went to SVRN with its endpoints intact.
  • 2 of the 10 buyers are Nasdaq-listed, TruGolf and TROOPS, which is a route to a public listing without an IPO.
  • Infrastructure is the most tagged sector in the window, with 4 rows, so an infrastructure team has the most comparable deals to point at.
How a founder can read this window
  1. Find your comparableInfrastructure holds 4 of the 13 tagged rows, DeFi 3 and SocialFi 2.
  2. Check who bought in your laneMesh bought exchange connectivity, SVRN bought RPC infrastructure.
  3. Expect no public price37 of the 43 rows carry no figure, so set expectations on structure rather than headline value.

How to reach the decision makers on both sides

Every company and person above links to a NAUT page that lists the team and the channels NAUT holds on file. 11 named people across these deals have a NAUT page, on both the buying and the selling side.

Person Role and company Side
CEO, Target
Founder, Buyer
CEO, Buyer
Co-Founder, Target
Co-Founder, Target
Developer Ecosystem Lead, Target
Founder and CEO, Buyer
Founding Director, Buyer
Co-founder and CEO, Target
Co-Founder and CTO, Target
Co-Founder, Target

Anyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.

Related reading on NAUT: How to find decision makers in a company: 5 steps for crypto and Crypto VC funding Q3 2026: NAUT 142 rounds, Galaxy 296 deals.

Can you pull this data through the NAUT API?

Yes. GET https://api.naut.so/v1/projects/bluvo returns Bluvo with its team, and GET https://api.naut.so/v1/search?q=crypto%20payments returns projects and people together, up to 12 of each, so you can walk from a deal to the people behind it; each data or search call costs 5 credits, with Authorization: Bearer $NAUT_KEY on every request. Mint a key at https://naut.so/developer, read the parameters at https://naut.so/docs/api, and compare credit bundles at https://naut.so/pricing. Verified Telegram, email and LinkedIn for these people unlock on any paid NAUT plan, so start a 7-day trial at https://naut.so.

Crypto M&A deals FAQ

How many crypto M&A deals have there been since July 2026?

NAUT logs 43 crypto M&A deals announced between 1 July and 24 October 2026, about 1 every 3 days. 10 of the 43 name the buyer, 6 carry a price and 5 of those total $750.5M, and 4 of the 43 were announced on a single day, 8 October 2026.

Which crypto companies were acquired in 2026?

The 10 crypto acquisitions on NAUT's record with a named buyer between 1 July and 24 October 2026 are Loopscale with Orca into Formation, Native by Anyflo, FastNEAR by SVRN, Polymath by TruGolf, Efforce by TROOPS under a conditional agreement, Bluvo by Mesh, Farcaster by Network School, AptPay by KORT Payments, ZealWallet by ether.fi and BTCBOX by RedotPay.

What was the biggest crypto M&A deal since July 2026?

NAUT's largest priced row in the window is OpenRouter on 16 August 2026 at $7B, which this report keeps out of its total because NAUT's row carries no buyer, though Dakota and TechCrunch name Stripe, and the figure is more than 9 times the other 5 prices together. Of those 5, Tazapay is the largest at $400M on 8 September 2026, with Circle named as the buyer in outside reports, then TradeZero at $231M on 11 August 2026, with eToro named as the buyer.

How do crypto mergers and acquisitions show up in NAUT's data?

Each of the 43 rows between 1 July and 24 October 2026 carries the target, the announcement date and, for 10 of them, the buyer and a deal note; 13 carry a sector tag and 6 carry a price. A row with no buyer means NAUT holds none for that deal, and the data note above says what this report left out.

Where can I find the founders and executives behind these crypto M&A deals?

11 named people across these 43 deals have a NAUT page, on both the buying and the selling side, including Bam Azizi at Mesh and Rahul Shinghal at Tazapay. Open their NAUT page, or pull them with GET https://api.naut.so/v1/projects/tazapay, and their verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial at https://naut.so.

Sources

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