Polygon Co-Founder Sandeep Nailwal Explores Tech Investment in Nepal

Sandeep Nailwal, co-founder of the Polygon network and executive chairman of Polygon Labs, recently visited Nepal to explore potential investments in artificial intelligence infrastructure, data centres, and cross-border payments. Nailwal stated that he was motivated to look into Nepal following suggestions from fintech executive Paravesh Rijal, alongside his own personal and spiritual ties to the region.

During his visit, Nailwal met with Nepal's Finance Minister, expressing strong admiration for the minister's determination to advance the country on the global economic stage. Consequently, Nailwal outlined plans to direct significant foreign direct investment toward Nepal, focusing primarily on AI infrastructure, data centres, and payment systems in collaboration with major global banking partners such as CRB Bank. He noted that these projects could potentially scale to hundreds of millions of dollars.

Polygon co-founder Sandeep Nailwal plans significant investments in Nepal's AI infrastructure and payment systems.

Clarifying the scope of these initiatives, Nailwal emphasized that the primary focus remains on regulated payment technologies utilizing stablecoins and the open Polygon Money Stack, rather than direct cryptocurrency operations. He reiterated his respect for local laws and noted that cryptocurrency policy decisions are left entirely to the government.

Additionally, Nailwal provided an update on a cryptocurrency-based fundraising campaign he organized for disaster relief in Nepal. The initiative successfully raised $275,000 in compliance with international and local regulations. The funds are currently being repatriated to the Prime Minister's Disaster Relief Fund, marking another connection that deepened his engagement with the country.

Why it matters

This development opens potential pathways for substantial foreign direct investment into Nepal's burgeoning technology sector, particularly in AI infrastructure and digital payments. For readers in South Asia, it highlights the growing cross-border collaboration in digital finance and technology, demonstrating how regional ties can spur economic engagement and modernization efforts.