Monad Buys Portal to Boost Stablecoin and Payments Strategy

Monad Foundation, an organization dedicated to the development, adoption, and growth of the Monad blockchain network, today announced its acquisition of Portal Labs, the team behind Portal, an embedded stablecoin wallet infrastructure platform. The acquisition will bring a full-stack payments solution to Monad, a high throughput Layer-1 blockchain, and amplify Portal’s mission to make stablecoin-powered payments effortless for web2 and web3 businesses. Leadership evolution: Portal CEO and Co-Founder Raj Parekh will join the Monad Foundation as Head of Payments and...

Alpaca and ZAD Partner to Bring Shariah-Compliant Investing Globally

Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, and ZAD, a leading Kuwait-based investment platform for Shariah-compliant US stocks and ETFs, today announced their strategic partnership to expand access to Shariah-compliant investment products. This partnership continues to open financial access for investors seeking to align their financial growth with Islamic principles. With global Islamic finance assets surpassing $5.5 trillion USD in 2024, a report from Standard Chartered forecasts they could reach $7.5 trillion USD by 2028....

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