Anchorage Digital Builds Custody Support for MON, the Native Token of Monad
Anchorage Digital, a leading crypto platform for investors and innovators, today announced that it will have custody support for MON, the native token of Monad, upon mainnet launch. Asset holders will have a secure way to hold and stake the token through Anchorage Digital’s secure custodial platform, or through our institutional-grade self-custody wallet, Porto.
Monad is a high-performance, EVM-compatible Layer 1 blockchain. It introduces parallel execution and an optimized consensus mechanism to improve transaction speed and scalability while maintaining full compatibility with existing EVM applications. By combining high throughput with a development environment familiar to EVM builders, Monad is designed to provide the foundation for the next generation of decentralized applications.
“Anchorage Digital’s role is to connect institutions with the most innovative blockchain ecosystems. 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.”
— Nathan McCauley, CEO Anchorage Digital
“Anchorage Digital made it seamless to bring MON to institutional audiences. Anchorage Digital’s support was invaluable from early stages, from managing our private mint to building integrations for a secure custody solution, to offering investors interested in the Monad ecosystem a secure access point for participation. We’re thrilled to work with them in this pivotal milestone for the Monad network.”
— Keone Hon, Co-Founder, Monad Foundation
Anchorage Digital remains committed to expanding access to innovative ecosystems and supporting protocols for scalable growth. Support for MON reflects that mission, creating a secure pathway for institutions to participate in Monad’s growing ecosystem.
To learn more about our custody solutions, please get in touch.
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
