Monad designates Anchorage Digital as the custodian of the MON token

According to The Block, Monad announced that its Layer 1 blockchain and native token MON will launch at 9 AM EST on November 24, and has designated Anchorage Digital as its preferred custodian.

Institutional users can securely hold and stake MON through Anchorage's custody platform or the self-custody wallet Porto. MON will be the first project to launch on Coinbase's new public offering platform, with an initial circulating supply lock-up ratio of 50.6%.