Monad Foundation Acquires Portal Labs

July 9, 2025

The Monad Foundation has acquired Portal Labs, the team behind the Portal stablecoin wallet and payments infrastructure, bringing a full‑stack stablecoin payments solution onto the high‑throughput Monad blockchain. Portal will operate as a wholly‑owned subsidiary while its CEO Raj Parekh joins Monad as Head of Payments and Stablecoins to accelerate stablecoin adoption across issuers, payment platforms, and fintechs.

Buyers
Monad Foundation
Targets
Portal Labs
Location
California, United States
Transaction Type
Buyout

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