Polygon Labs
Polygon Labs develops the Polygon Layer-2 Ethereum blockchain and POL token, processing $2.3T+ in stablecoin volume for financial institutions, payment networks, and AI agent developers via its Open Money Stack single-API stablecoin payments platform.
- Company typePrivate
- Founded2017
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Polygon Labs does
Polygon Labs is the primary development company behind the Polygon blockchain, a Layer-2 Ethereum scaling network. Originally founded in 2017 to scale Ethereum, the company has pivoted into a full-stack stablecoin payments infrastructure provider, anchored by its core Polygon PoS chain and the POL token. Its platform processes over $2.3 trillion in cumulative stablecoin volume and recorded a record 711 million transactions in Q1 2026, with sub-two-second settlement at an average cost of $0.002 per transaction. The recently launched Open Money Stack is a vertically integrated single-API offering that connects fiat access, wallets, cross-chain orchestration, and onchain settlement, designed to eliminate the multi-vendor assembly problem financial institutions face when deploying stablecoin payment flows.
The company serves three primary customer segments: financial institutions and enterprise payment providers (Visa, Mastercard, Revolut, Stripe), AI agent developers (via the Polygon Agent CLI tool distributed through npm with LangChain, CrewAI, Openclaw, and Claude integrations), and emerging-market payments/consumer platforms (Flutterwave across 30+ African countries, Meta USDC creator payouts in 160+ countries planned, Jio Platforms' 450M+ Indian customers, and DeCard's 150M+ global merchant acceptance). Its revenue model combines low-cost transaction fees on stablecoin volume with enterprise licensing and integration fees for the Open Money Stack and partner integrations. Recent capital deployment includes $250M+ in acquisitions of Coinme (regulated US fiat on/off-ramps, money-transmitter licenses in 48 states, 50,000+ retail locations) and Sequence (smart wallet and cross-chain orchestration infrastructure), plus an active $50–100M equity raise to fund further payments platform expansion. The company is led by CEO Marc Boiron and Polygon Foundation founder Sandeep Nailwal, and has strategic positioning around the GENIUS Act (July 2025) US stablecoin legislation.
Polygon Labs firmographics
Firmographics- Name
- Polygon Labs
- Legal name
- Polygon Labs
- Website
- https://polygonlabs.us
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Polygon Labs develops the Polygon Layer-2 Ethereum blockchain and POL token, processing $2.3T+ in stablecoin volume for financial institutions, payment networks, and AI agent developers via its Open Money Stack single-API stablecoin payments platform.
- Ownership category
- akta.pro rank
Polygon Labs industry classification
Industry- Product category
- Blockchain Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (52321), Commodity Contracts Intermediation (523160)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)
- akta.pro secondary industries
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL), Micropayments & Streaming Payments (Crypto) (FSADAIAM), Cross-Chain Bridging & Interoperability for Stablecoins (FSADADAH)
Keywords
Where Polygon Labs is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Polygon Labs business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations, Others
Revenue model
- Stablecoin Transaction Fees: Polygon earns fees from processing stablecoin transactions on its network. Polygon processes over $2.3 trillion in stablecoin volume and recorded 178.1 million US dollar-based stablecoin transactions in March 2026 alone. The platform offers transaction costs below $0.01 per transaction with an average of $0.002.
- Enterprise/Institutional Licensing and Integration Fees: Polygon Labs provides blockchain infrastructure to enterprise partners including Visa, Mastercard, Revolut, Flutterwave, and others. The Open Money Stack is positioned as a licensed technology offering for financial institutions seeking stablecoin payment capabilities.
- DeFi Ecosystem and Staking Fees: Polygon generates revenue through its DeFi ecosystem including staking services, protocol fees, and liquidity provision. Swiss institutional staking via Amina Bank and liquid staking via sPOL token generate network-level revenue. Partnerships with liquidity providers like Manifold Trading further support ecosystem revenue.
- Acquisition-Based Revenue Expansion (Coinme, Sequence): Polygon is acquiring Coinme and Sequence for over $250 million to build an open payments business on top of onchain settlement. These acquisitions expand revenue by integrating regulated fiat-to-crypto rails (Coinme's 50,000+ retail locations) and wallet infrastructure (Sequence).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Low-cost blockchain infrastructure for stablecoin payments |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels5 records
Polygon Labs product offering
Product offeringCore offering
Polygon Labs develops and operates the Polygon PoS Layer-2 blockchain for Ethereum scaling and has built the Open Money Stack, a vertically integrated stablecoin payments system delivered through a single API for fiat access, wallets, cross-chain orchestration, and onchain settlement. The platform offers sub-two-second finality at an average cost of $0.002 per transaction and has processed more than $2.3 trillion in stablecoin volume. Additional products include the Polygon Agent CLI (AI-agent onchain toolkit using the x402 protocol) and the sPOL liquid staking token, with the network embedded as settlement infrastructure at Visa, Mastercard, Revolut, Flutterwave, Jio Platforms, and Meta.
Product overview
Polygon Labs has evolved from an Ethereum Layer-2 scaling solution into a full-stack fintech payments platform. The core offering centers on the Polygon PoS blockchain network and POL token, which together process over $2.3 trillion in stablecoin volume. Polygon's product portfolio includes the Open Money Stack (vertical stablecoin payment infrastructure), Polygon Agent CLI (AI agent toolkit), sPOL (liquid staking token), Polygon ID (decentralized identity), and acquired brands Coinme (fiat-to-crypto payments) and Sequence (smart wallets/cross-chain orchestration). The company also spun out Polygon Miden (zero-knowledge blockchain). Recent products focus on enabling AI agents to operate onchain (Agent CLI with x402 protocol) and institutional stablecoin settlement (Visa/Mastercard integrations), while the Flutterwave partnership extends payments into 34+ African markets.
Differentiator
Problem solved
Functional benefit
Brands
- POL: Native token of Polygon blockchain, used for staking and network participation
- sPOL
- Open Money Stack
- Polygon Agent CLI
- Miden
Products and services
- Polygon PoS (Proof of Stake) Blockchain Polygon Labs' core Layer-2 blockchain network providing Ethereum scaling with high transaction speeds and low costs, serving as the foundational settlement infrastructure for Polygon's payments and DeFi ecosystem. It processes over $2.3T in stablecoin volume at sub-two-second finality and an average cost of $0.002 per transaction.
- Open Money Stack Vertically integrated platform for stablecoin payments connecting fiat access, wallets, cross-chain orchestration, and onchain settlement through a single API. Designed for financial institutions seeking a single integration rather than assembling multiple vendors for stablecoin payment flows.
- Polygon Agent CLI End-to-end onchain toolkit that enables AI agents to create wallets, move stablecoins, bridge assets, register onchain identity, and pay for APIs using the x402 protocol, all settled on Polygon. Features built-in gas abstraction and support for the ERC-8004 standard for verifiable agent identity and reputation. Distributed via npm with LangChain, CrewAI, Openclaw, and Claude integrations.
- sPOL (Liquid Staking Token) Polygon's first liquid staking token, unlocking $330 million in idle capital across 3.6 billion staked POL tokens, backed by $100 million in treasury funds and live on Uniswap V4.
- Coinme (Acquired Fiat-to-Crypto Network) US-based digital currency payments firm that converts cash into crypto via crypto ATMs and a physical fiat-to-crypto network spanning more than 50,000 retail locations, with money-transmitter licenses in 48 US states. Under acquisition by Polygon Labs as part of its stablecoin payments strategy.
- Sequence Smart Wallets (Acquired) Toronto-based crypto infrastructure providing smart wallet technology and cross-chain orchestration capabilities, acquired by Polygon Labs to enhance its blockchain payment and financial transaction capabilities.
- Polygon ID Decentralized identity (DID) technology using zero-knowledge proofs for privacy-preserving identity verification in the Web3 ecosystem, part of Polygon's identity infrastructure.
Quantifiable outcome
- $2.3 trillion in stablecoin volume processed on Polygon Chain
- +6 more outcomes
Companies that use Polygon Labs
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Polygon Labs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
AI capability7 records
Feature7 records
Polygon Labs partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- VisacoreVisa officially integrated the Polygon network into its global stablecoin settlement program, enabling partners—including card issuers and acquirers—to settle transactions using stablecoins built on Polygon. Polygon is the third network in Visa's program alongside Ethereum and Solana, which already processes billions of dollars in transactions annually against a stablecoin market exceeding $150 billion in total supply.
- StripecoreMeta partnered with Stripe for crypto-specific tax reporting services as part of its USDC payout program using Polygon and Solana blockchain networks. Stripe provides the regulatory compliance layer for tax reporting on the payouts.
- CoinmecorePolygon Labs signed a definitive agreement to acquire US-based digital currency payments firm Coinme for over $250 million combined (with Sequence). Coinme operates with money-transmitter licenses in 48 US states and runs a physical fiat-to-crypto network across over 50,000 retail locations. The Coinme acquisition was targeted for Q2 2026, subject to regulatory approvals.
- x402 Foundation (Linux Foundation)coreThe Linux Foundation launched the x402 Foundation to govern and standardize the x402 protocol for agentic AI payments. Polygon Labs is a founding member alongside Google, Microsoft, AWS, Coinbase, Visa, Mastercard, and American Express. The open payment standard enables AI agents and web services to autonomously pay for API access, data, and digital services across crypto and fiat rails.
- Blockchain Payments Consortium (BPC)minorSeven crypto firms including Polygon formed the Blockchain Payments Consortium (BPC) to establish standards for cross-chain stablecoin transfers, aiming to improve interoperability and adoption in blockchain payments.
- Enterprise Ethereum Alliance (EEA)minorPolygon Labs, Ethena, and Nethermind joined the Enterprise Ethereum Alliance as new members, representing a consolidation of Ethereum's institutional infrastructure across payments, financial primitives, and protocol engineering. The EEA serves as the institutional coordination layer for Ethereum.
- SequencecorePolygon Labs acquired Toronto-based crypto infrastructure startup Sequence for over $250 million combined (with Coinme), enhancing its blockchain payment and financial transaction capabilities. Sequence provides smart wallets and cross-chain orchestration. The acquisition was expected to close in January 2026.
- ImmutableminorImmutable and Polygon Labs announced the next phase of their partnership with 5 live game titles on the 'Gaming on Polygon' hub, including new quests and a joint prize pool, emphasizing increased player engagement and ecosystem interoperability.
- MastercardcoreMastercard partnered with Mercuryo and Polygon Labs to expand Mastercard Crypto Credential to include self-custody wallets, enabling verified, alias-based crypto transfers through human-readable aliases instead of long wallet addresses. Polygon's PoS network supports high-speed, low-cost transactions suitable for payments.
- RevolutcoreRevolut partnered with Polygon to integrate blockchain-based services into its platform, allowing over 65 million users across 38 countries to perform seamless stablecoin transfers, payments, and trading. The collaboration enables in-app crypto transactions, stablecoin remittances, and POL token staking, processing over $690 million in volume.
- FlutterwavecorePolygon Labs partnered with Flutterwave, Africa's largest payments infrastructure, to utilize Polygon PoS blockchain as the default network for Flutterwave's new cross-border payments product, starting with a pilot in 2025 and expanding in 2026. The collaboration aims to enable faster, cheaper cross-border payments across over 30 African countries.
- Manifold TradingminorPolygon Labs partnered with Manifold Trading to improve liquidity management and market standards in its DeFi ecosystem.
- Tea-FiminorTea-Fi partnered with Polygon Labs and Katana to power its DeFi SuperApp with shared infrastructure and rewards. The partnership helped grow Tea-Fi's user base and ecosystem on Polygon.
- BitVaultminorBitVault, a DeFi protocol in Germany, launched BTC-backed stablecoins bvUSD and sbvUSD onboarded to the Katana DeFi chain, incubated by Polygon Labs and GSR, with $2M in pre-seed funding raised.
- Jio Platforms (Reliance Industries)coreJio Platforms, a subsidiary of Reliance Industries, entered a strategic partnership with Polygon Labs in January 2025 to integrate Web3 and blockchain capabilities across Jio's services, starting with the JioSphere web browser. The collaboration aims to deliver enhanced privacy, digital assets, and blockchain-based services to Jio's 450+ million existing customers in India.
Scale indicators13 records
Recent moves9 records
Expansion highlights8 records
Polygon Labs competitors and assessment
Company assessmentDirect peers
- Avalanche:
- Solana Labs: Solana is the other non-Ethereum network in Visa's stablecoin settlement program and Polygon's most direct competitor for high-throughput, low-cost enterprise blockchain payments. Both target stablecoin settlement at scale.
- Circle: Circle is the issuer of USDC, the dominant dollar stablecoin that runs heavily on Polygon. Circle and Polygon share an enterprise stablecoin distribution thesis and co-serve the institutional payments market.
- Optimism: Optimism is another major Ethereum Layer-2 network competing for enterprise developer mindshare and stablecoin payment volumes. Both target the same institutional and DeFi use cases on Ethereum-aligned infrastructure.
- Arbitrum: Arbitrum is the largest Ethereum L2 by total value locked and competes directly with Polygon for DeFi liquidity, stablecoin volume, and enterprise deployments seeking Ethereum security guarantees.
Broad incumbents
- Stripe: Stripe is the dominant fintech payments platform that Polygon explicitly aims to compete with. Stripe is also a current partner via Meta USDC payouts, illustrating how the relationship spans both partnership and competition across the payments stack.
- Coinbase: Coinbase is a founding member alongside Polygon in the x402 Foundation and operates Base, a competing Ethereum L2. Both target institutional and developer adoption of stablecoin infrastructure and crypto-native payments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Polygon Labs social profiles
Digital presencePolygon Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
Polygon Labs leadership team
Management profileNumber of profiles
Profiles4 records
Polygon Labs subsidiaries and ownership
Company hierarchySubsidiaries3 records
Polygon Labs funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Polygon Labs M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Polygon Labs
What does Polygon Labs do?
Polygon Labs develops and operates the Polygon PoS Layer-2 blockchain for Ethereum scaling and has built the Open Money Stack, a vertically integrated stablecoin payments system delivered through a single API for fiat access, wallets, cross-chain orchestration, and onchain settlement. The platform offers sub-two-second finality at an average cost of $0.002 per transaction and has processed more than $2.3 trillion in stablecoin volume. Additional products include the Polygon Agent CLI (AI-agent onchain toolkit using the x402 protocol) and the sPOL liquid staking token, with the network embedded as settlement infrastructure at Visa, Mastercard, Revolut, Flutterwave, Jio Platforms, and Meta.
Is Polygon Labs a public or private company?
Polygon Labs is a private company. It is classified as venture growth investor backed and is currently operating.
When was Polygon Labs founded?
Polygon Labs was founded in 2017. It employs 11 to 50 people.
Where is Polygon Labs based?
Polygon Labs is headquartered in New York, United States, in the North America region.
How does Polygon Labs make money?
Four revenue lines are on record. Stablecoin Transaction Fees are the primary driver. The others are enterprise/Institutional Licensing and Integration Fees, deFi Ecosystem and Staking Fees and acquisition-Based Revenue Expansion (Coinme, Sequence).
Who are Polygon Labs's main competitors?
Direct peers on record are Avalanche, Solana Labs, Circle, Optimism and Arbitrum. Broad incumbents are Stripe and Coinbase.
Does Polygon Labs have an API?
Yes. Polygon Agent CLI is an end-to-end onchain toolkit that enables AI agents to create wallets, move stablecoins, bridge assets, register onchain identity, and pay for APIs using the x402 protocol, all settled on Polygon. The toolkit integrates wallet infrastructure with session-scoped smart contracts, built-in gas abstraction so agents pay in stablecoins without managing native gas tokens, and support for the ERC-8004 standard for verifiable agent identity and reputation. Available via npm. Developer documentation is at polygon.technology/developers.
What industry is Polygon Labs in?
Polygon Labs's product category is Blockchain Infrastructure. Its primary akta.pro industry code is FSAPAIAJ, Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails), with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 522320 and its SIC code is 6200.