Polygon Labs (Polygon Labs UI (Cayman) Ltd.)

To move all money onchain.

Polygon Technology builds blockchain infrastructure to move money instantly and reliably at internet scale. The company operates the Polygon Open Money Stack—an integrated platform for stablecoin payments that connects fiat access, wallets, compliance, routing, and onchain settlement into a single API. With $2.4 trillion in transfer volume and 7 billion total transactions processed, Polygon serves major banks, fintechs, and enterprises looking to leverage blockchain without rebuilding their financial systems. The team of 400-500 employees works remotely across the globe, focused on replacing fragmented legacy payment systems with open infrastructure that enables 24/7 global settlement at low fees.

Products

The core product is the Open Money Stack, a single API that integrates fiat on/off-ramps, wallet infrastructure, compliance tools, and onchain settlement for global stablecoin payments. Polygon Chain serves as the underlying blockchain rail, processing over 2,600 transactions per second with low fees. The Chain Development Kit (CDK) lets institutions deploy private, high-throughput rollup infrastructure. AggLayer provides cross-chain interoperability and unified liquidity across different blockchains. The platform also includes agentic infrastructure—specialized tools that enable AI agents to initiate and settle payments autonomously.

Funding

Polygon has raised approximately $451 million across multiple rounds since 2017. The largest round came in February 2022 with a $450 million private token sale led by Sequoia Capital India, joined by SoftBank, Tiger Global, and Galaxy Digital. Earlier funding totaled around $750,000 in the company's initial stages. In 2025, Polygon made strategic acquisitions, purchasing payment platforms Coinme and Sequence for $250 million. Additionally, Miden—a privacy-focused protocol for institutional transactions—spun off from Polygon and raised $25 million in seed funding led by a16z crypto.

Recent news

In June 2026, Polygon launched the technical preview of its Open Money Stack (OMS), a unified API platform designed to streamline global stablecoin transfers for businesses. Simultaneously, the company achieved major institutional adoption milestones as both Mastercard and Visa expanded their stablecoin settlement pilot programs to include the Polygon network, enabling 24/7 financial settlements that bypass traditional banking hours, weekends, and public holidays.

Technology

Development centers on Solidity for smart contracts, with Go, TypeScript, and Python powering backend services and APIs. Frontend applications use React.js and Next.js for user interfaces. Infrastructure runs on containerized systems using Docker and Kubernetes, with PostgreSQL and NoSQL databases for data storage. Security tooling includes AI-powered code review workflows, agentic CI/CD pipelines, and integrations with Claude Code and Codex for automated vulnerability detection. The platform leverages zero-knowledge proofs through Plonky2 protocol and zkEVM for scalable, EVM-compatible rollups.

Benefits

Polygon Labs operates as a remote-first global workforce with flexible time off and quarterly wellness days. Health benefits include industry-leading medical, dental, and vision insurance, fully covered in certain countries for employees and dependents. US employees get a 401k with 3% company match. The company provides a $1,500 home office setup allowance, $200 annual AI allowance, and $75 monthly internet reimbursement. Additional perks include a $2,000 annual learning budget, $200 book allowance, company-issued laptops, and wellness support covering mental health and egg freezing benefits.