Polygon Labs, developer of Polygon PoS, the premier blockchain for payments and RWAs, announced the appointment of John Egan as its inaugural Chief Product Officer.
Egan joins from Stripe, where he served as Head of Crypto, overseeing the payments giant’s cryptocurrency enablement and product solutions. Previously, he was the founder of multiple startups and a product leader at Facebook/Meta.
At Stripe, Egan has been instrumental in advancing the company’s cryptocurrency strategy during a period of significant expansion, including overseeing crypto enablement and product solutions as the payments giant deepened its commitment to blockchain infrastructure. Prior to Stripe, he spent several years at Facebook (now Meta), where he created and led Workplace by Facebook, the company’s enterprise collaboration platform. Egan also brings entrepreneurial experience as a multiple-time founder, including YC-backed Caffeinated Mind (acquired by Facebook), blockchain art platform Editional, and incident management company Kintaba.
As Chief Product Officer, Egan will lead the company’s product vision and strategy, building a world-class, user-focused organization that drives innovation across the ecosystem. Reporting directly to Polygon Labs CEO Marc Boiron, he will champion products that make stablecoin payments adoption easy and enable unified liquidity, scalability, and interoperability.
Egan will work alongside recently recruited payments veterans, including Jamal Raees (formerly of Bridge and BitPay), Sam Fagin (formerly of Checkout.com), and DiZien Low (formerly of Mastercard).
Marc Boiron, CEO of Polygon Labs, said, “The best product leaders reshape entire categories. John did that with Workplace at Facebook and again with crypto at Stripe. As we push Polygon to become the foundation for digital payments, we need someone who’s proven they can bridge between what’s technically possible and what users most need. John’s that rare leader who’s done it repeatedly.”
Aishwary Gupta, Global Head of Payments and RWA at Polygon Labs, said, “We’re assembling a payments dream team that combines the best of traditional fintech with native crypto expertise. With John leading product, alongside Jamal, Sam, and DiZien, we have an industry-leading blend of experience from companies like Stripe, BitPay, Bridge, Checkout.com, and leading crypto protocols. This team will drive our vision of making Polygon the global standard for blockchain payments.”
John Egan said, “Polygon has always been at the center of real-world blockchain payments, handling a large share of everyday USDC transfers globally. I look forward to building a world-class product organization with the leadership at Polygon Labs. With Agglayer bringing cross-chain liquidity and scalability together, we have a clear opportunity to make Polygon the leader in global blockchain payments and to make digital transactions as seamless and trusted as traditional networks.”
Polygon Labs is a Web3 software company developing the Polygon Proof-of-Stake network, the premier blockchain for payments and RWAs, and Agglayer, a protocol to connect any blockchain or app for a unified cross-chain experience. Polygon PoS is known as the low-cost, high velocity network, with billions secured in stablecoins, supporting a robust payments ecosystem to help grow Agglayer use cases in a unified web3. Research from Polygon Labs has contributed to the development of widely-adopted zero-knowledge technology, with successful independent projects incubated through the Agglayer Breakout Program, such as Katana, Miden, PrivadoID, ZisK and more.
The appointment comes as Polygon strengthens its position as a leading stablecoin payments platform, now supporting nearly $3 billion in stablecoin market cap. Polygon leads the market for micro and small USDC payments and was the first stablecoin payment network integrated with Stripe, offering sub-$0.001 transaction fees and settlement times under five seconds. Polygon PoS recently surpassed $1 billion in tokenized real-world assets and hosts major institutional deployments, including BlackRock’s BUIDL Fund, a tokenized money-market fund, and Apollo’s private credit fund, ACRED.
