Abound fintech platform partners with Monad blockchain to power global finance operations, now processing over $500M in annual remittance volume.
DeFi & Yields ·
Abound, a fintech platform, has partnered with Monad, an EVM-compatible Layer 1 blockchain, to support its global finance operations. The partnership comes as Abound scales its remittance business to over $500M in annual volume. Monad is designed to deliver high-throughput transaction processing while maintaining compatibility with Ethereum developer tooling and contract libraries.
The collaboration leverages Monad's technical architecture, which uses parallel execution and custom consensus to target 10,000 transactions per second—substantially faster than Ethereum's throughput ceiling. By integrating with Monad, Abound gains access to this performance capability while preserving the familiarity and ecosystem benefits of EVM-based infrastructure, lowering both latency and operational costs for cross-border payment flows.
The extent to which this partnership will expand Abound's geographic reach or transaction volume remains unclear, as does whether additional fintech platforms are exploring similar integrations with Monad or competing high-throughput chains.