The Monad mainnet and MON token will launch on November 24, with Anchorage Digital serving as the custodian

According to The Block, Monad announced that it will launch its Layer 1 blockchain and native token MON at Eastern Time, designating 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 go live on Coinbase's new public offering platform, with an initial circulating supply lock-up ratio of 50.6%.