TL;DR
- Monad acquires Portal Labs’ wallet SDK and API suite, embedding production-grade stablecoin rails into its high-speed Layer-1 for instant on-chain dollar settlements.
- Portal Labs operates as an independent subsidiary under Parsa Attari, David Scrobonia, and Rami Shahatit, with Raj Parekh transitioning to lead payments and stablecoins at Monad.
- Combined infrastructure, 10,000+ TPS, 2 billion+ transactions processed, and 300 million addresses set the stage for enterprise pilots in cross-border payments, supply-chain finance, and programmable dollar contracts ahead of mainnet launch.
The Monad Foundation has snapped up Portal Labs in a landmark deal that blends high-speed blockchain rails with best-in-class stablecoin wallet infrastructure. By bringing Portal’s embedded payment platform into the Monad fold, the foundation aims to slash settlement times and turbocharge the adoption of digital dollars across enterprises, fintechs, and developers worldwide.
Monad Foundation has acquired @portal_hq
Portal’s stablecoin infrastructure platform allows any business, bank, or financial institution to accept stablecoin payments – currently powering millions of dollars in daily settlements.
Read more on the acquisition below ⤵️ pic.twitter.com/9GSK6YsfqK
— Monad ⨀ (@monad_xyz) July 9, 2025
Strategic Move to Expand Stablecoin Reach
As stablecoins surge toward mainstream finance, with forecasts projecting a multi-trillion-dollar market, Monad sees payments as the killer app for blockchain. The acquisition of Portal Labs plugs a production-grade wallet and API suite directly into Monad’s ecosystem, enabling instant on-chain dollar settlements.
This deal positions the foundation to capture growing demand from banks, merchants, and remittance services eager for low-cost, transparent rails that bypass legacy banking bottlenecks.
Independent Subsidiary Model Maintains Portal’s Autonomy
Portal Labs will continue operating under its original leadership, Parsa Attari as CEO, David Scrobonia as CTO and Rami Shahatit as COO, now backed by Monad’s resources. Co-founder and CEO Raj Parekh, formerly Visa’s global crypto director, transitions to head of payments and stablecoins at the Monad Foundation.
“Portal was built to lower the barrier for anyone to move money on-chain,” Parekh explains. This independent subsidiary structure safeguards Portal’s existing client roster and multi-chain strategy while aligning its roadmap with Monad’s vision.
High-Throughput Blockchain Meets Robust Wallet Infrastructure
Monad’s Layer-1 network boasts over two billion processed transactions, serves 300 million on-chain addresses, and achieves peak throughput north of 10,000 transactions per second. Coupling this performance with Portal’s wallet SDKs and settlement rails, which already handle millions of dollars in daily stablecoin flows, creates an end-to-end stack for real-time treasury, payroll, and e-commerce integrations.
Developers can now plug in stablecoin rails across EVM-compatible chains and beyond, leveraging Monad’s low-latency finality.
Accelerating Enterprise-Grade Use Cases and Mainnet Launch
The Monad Foundation, with Portal on board, is preparing for a mainnet launch later this quarter. They are inviting businesses to test cross-border payments, supply-chain financing, and programmable dollar contracts. Co-founder Keone Hon underscores the ambition: “Payments are a killer use case for blockchains and present an exciting unlock for widespread crypto adoption.”
