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
- Industry
- Payments & Fintech
- Location
- California, United States
- Transaction Type
- Buyout
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