Polygon Appoints Sandeep Nailwal as Foundation CEO

Sandeep Nailwal has been appointed CEO of the Polygon Foundation, centralizing leadership after the departure of Mihailo Bjelic and other co-founders. The change occurred in May 2025 to streamline execution and vision.

Sandeep Nailwal’s appointment as CEO of the Polygon Foundation signifies a pivotal shift towards unified leadership intended to solidify its position in the global Web3 landscape.

Polygon’s leadership restructuring involves appointing Sandeep Nailwal as CEO, aiming to enhance execution and clarity. The transition follows the departure of co-founder Mihailo Bjelic, shifting toward a single-leader governance model to improve operational efficiency.

Nailwal has been critical to Polygon’s evolution, having served as Chief Business Officer and co-founder. His strategic vision sets the course for future growth, particularly focusing on Polygon’s ZK toolkit and AggLayer interoperability, essential for broader ecosystem integration.

In the financial and market arena, Polygon supports tokenized products through partnerships with BlackRock and JPMorgan. The foundation facilitates substantial stablecoin transactions, strengthening its role in institutional financial applications and setting the stage for transformative upgrades such as the “Bhilai upgrade.”

“The upcoming Bhilai upgrade in July 2025 is aimed at scaling the PoS chain significantly.” – Sandeep Nailwal, CEO, Polygon Foundation

Economic implications include strengthened institutional adoption and transaction throughput, aiming to scale the Polygon PoS chain for increased transactions per second. This growth holds potential long-term shifts in Total Value Locked and staking.

Anticipated outcomes include financial and regulatory advancements aligning with historical trends. The consolidation of leadership under Nailwal is expected to foster confidence, potentially increasing Polygon’s staking and governance token demand and fortifying its infrastructure for real-world asset integration.