TL;DR
- Monad will launch its Layer 1 blockchain on November 24 with Anchorage Digital as the official custodian of the MON token, offering custody and staking services.
- The network combines Solana’s speed with full Ethereum compatibility.
- 38.5% of MON’s total supply will go to ecosystem development, 27% to the team, and 19.7% to investors; it will also debut on Coinbase’s new public token sales platform.
Monad is preparing to launch its Layer 1 blockchain with Anchorage Digital as the official custodian of the MON token, marking a major step forward in high-performance EVM infrastructure.
The network will debut on November 24, offering institutional-grade custody support from day one through Anchorage’s platform and its Porto wallet, aimed at clients seeking direct and secure asset management.
Anchorage Digital to Provide Custody and Staking for Monad
Anchorage Digital, one of the most active crypto service firms in the institutional market, will offer MON holders the ability to store and stake the token under a regulated framework. Its role will be to ensure secure access and immediate connectivity to the Monad ecosystem, extending Anchorage’s strategy of integrating with emerging networks that prioritize scalability and compliance.
Monad was designed to combine Solana’s transaction speed with full Ethereum compatibility. Its architecture introduces parallel execution and an optimized consensus mechanism that increases efficiency without sacrificing decentralization. Being fully compatible with the Ethereum Virtual Machine, the network aims to attract developers and projects seeking to migrate their applications without altering existing smart contract logic.
The MON token will launch with a distribution model designed to balance incentives among users, the team, and investors. Of the 100 billion total tokens, 38.5% will go to ecosystem development, 27% to the team, and 19.7% to investors. Roughly half of the supply will remain locked at launch, while an airdrop will reward thousands of early community members and over 220,000 verified users from major crypto protocols.
MON to Debut on Coinbase’s Retail Token Sales Platform
According to Monad Foundation co-founder Keone Hon, Anchorage Digital played a key role in the early stages of the project — from managing the private mint to developing custody infrastructure that enables institutional participation in the ecosystem.
Monad will also be the first project to debut on Coinbase’s new public token sales platform, which will allow retail investors worldwide to participate.
