Anchorage to Safeguard MON as Monad Readies Nov 24 Layer-1 Launch
Monad plans to go live on November 24, and has named Anchorage Digital as the official custodian for its MON token, with custody and staking services available at launch. The project positions its mainnet as marrying Solana-class throughput with full Ethereum compatibility, a combination aimed at attracting dApp developers seeking both speed and EVM tooling. Institutional-grade custody from Anchorage may help reassure larger holders and infrastructure partners ahead of wider market access.
The tokenomics snapshot published by Monad allocates 38.5% of MON to ecosystem development and 27% to the team, with roughly 19% noted for other allocations in the available summary. Market watchers will be watching validator distribution, staking yields, and exchange listings after launch, as those factors will influence initial token flow and network security. Anchorage’s involvement could be a key signal for custodian-backed staking demand.