Sandeep Nailwal, co-founder of Polygon, announced that they will bring Open Money Stack to the market, a blockchain platform designed for neobanks and fintech companies. This system unifies global payment management, wallet creation, and settlements through an all-in-one API. Additionally, the recent acquisition of Coinme provides this solution with regulatory compliance licenses (KYC and AML) in more than 48 US states.
Imagine how easy it would be for neobanks to get every capability from a single open stack. Wallets, ramps, crosschain routing, compliance, settlement in one API.
That is what we are building. Reach out. https://t.co/4lYdvBZ3cl
— Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) May 19, 2026
With this technology, they seek to eliminate technical friction for the average stablecoin user, removing the need to deal directly with network selection and gas fees. By integrating traditional banking with decentralized technology, Polygon simplifies cross-border payments and optimizes cross-chain transfers, consolidating its infrastructure ahead of institutional adoption. Meanwhile, the ecosystem’s native token, POL, remains stable with a price hovering around $0.091.
The next step for the network will be the progressive integration of financial developers seeking to expand these automated services. This massive deployment could redefine the speed of monetary flows on the internet and accelerate financial inclusion on a global scale.
Source: https://x.com/sandeepnailwal/status/2056713603718451522
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