Monad Strengthens Payment Infrastructure Through Portal Labs Acquisition

Monad Foundation has made a strategic move to solidify its position in the stablecoin payment sector by acquiring Portal Labs, a specialized infrastructure provider for embedded stablecoin payment solutions. The announcement came on July 9 through a Business Wire press release, marking a significant step in Monad’s preparation for mainnet launch.

Portal Labs Integration: What It Means

Portal Labs has built production-grade payment rails and settlement infrastructure that currently facilitates millions of dollars in daily onchain transactions. By bringing Portal into the Monad ecosystem as a wholly owned subsidiary, the foundation gains immediate access to proven stablecoin payment technology. This integration positions Monad to offer developers and enterprises direct, plug-and-play solutions for incorporating stablecoin payments into their applications.

Raj Parekh, who co-founded Portal Labs and served as CEO, will lead Monad’s payments and stablecoins division. His background is notable—he previously shaped Visa’s global crypto strategy, giving him perspective across both traditional financial systems and decentralized protocols. The remaining co-founders, Parsa Attari, David Scrobonia, and Rami Shahatit, will maintain independent operations of Portal while contributing to Monad’s broader blockchain infrastructure efforts.

Monad’s Technical Foundation for Payment Scale

The acquisition comes as Monad continues advancing toward mainnet deployment. The blockchain has already processed over 2 billion transactions during its testnet phase, demonstrating throughput capacity of 10,000 transactions per second with block finality achieved in under one second. This performance profile makes Monad technically suited for handling payment-grade workloads at enterprise scale.

Built to be Ethereum-compatible, Monad uses parallel execution combined with custom infrastructure to achieve these performance metrics. Such architecture enables both Web3-native applications and traditional fintech platforms to leverage the same underlying payment rails without architectural compromises.

Competitive Positioning in the Stablecoin Era

Monad co-founder Keone Hon emphasized the strategic rationale: “Payments are a killer use case for blockchains. Portal’s production-grade stablecoin rails will provide enterprises and developers with plug-and-play solutions to incorporate stablecoin payments into their platforms and apps.”

This acquisition builds on Monad’s earlier infrastructure partnerships, including its integration with Chainlink Scale in April 2025, which enhanced access to low-latency data feeds for decentralized finance builders. With Portal Labs now integrated, Monad is positioning itself to compete directly in the fast-evolving stablecoin infrastructure marketplace, targeting both Web2 fintechs looking to embed blockchain payments and Web3-native platforms seeking scalable settlement solutions.

Mainnet launch is scheduled for later this quarter, with the Portal Labs acquisition likely to accelerate the development of production-ready payment applications on the network.