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Anchorage Digital Expands Institutional Support with MON Token Custody for Monad Network
Anchorage Digital, a leading crypto services platform, has announced that it will provide custody and staking support for MON, the highly anticipated native token of Monad, as the project prepares for its official Layer-1 blockchain launch on November 24 at 9 a.m. ET.
Institutional-Grade Custody for MON Token
Through Anchorage Digital’s custodial platform and institutional self-custody wallet, Porto, MON holders will be able to securely store and stake their assets. The move reinforces Anchorage’s mission to serve as the bridge between institutional investors and emerging blockchain ecosystems.
“Anchorage Digital’s role is to connect institutions with the most innovative blockchain ecosystems,” said Nathan McCauley, CEO of Anchorage Digital. “By becoming a custodian for MON, we’re giving Monad’s institutional ecosystem secure access to the network from day one, as well as empowering innovators building directly on Monad.”
Monad: Building a High-Performance EVM Network
Founded in 2022, Monad aims to deliver a high-speed, EVM-compatible blockchain that competes with the performance and decentralization levels of Solana and Ethereum. The upcoming MON token airdrop will reward thousands of early community members and over 220,000 verified users from major crypto protocols, according to The Block.
Monad’s co-founder Keone Hon praised Anchorage’s involvement, noting that its support was “invaluable from early stages,” from private mint management to developing integrations for secure institutional custody.
Tokenomics and Coinbase Debut
Earlier this week, Monad revealed its tokenomics structure: out of the 100 billion total MON supply, 38.5% will go toward ecosystem development, 27% to the team, and 19.7% to investors, with 50.6% locked at launch.
In a major milestone, Monad will also become the first project to debut on Coinbase’s new public token-sales platform, opening the door for global retail participation in its ecosystem.
With Anchorage Digital’s backing and a strong institutional foundation, Monad’s upcoming launch is shaping up to be one of the most closely watched events in the Layer-1 blockchain space.
