Monaco, the decentralised trading protocol developed by Sei Labs and Monaco Research, has launched its central limit order book (CLOB) infrastructure on the Sei blockchain. The platform is designed to deliver Wall Street-level execution speeds within a decentralised framework, with the aim of capturing part of the projected $30 trillion tokenised asset market by 2034. Monaco achieves microsecond execution and leverages Sei’s 400-millisecond settlement, a major improvement over traditional T+1 settlement cycles.
Key features of Monaco’s infrastructure include a shared liquidity layer for broad institutional access, 24/7 trading support, and PitPass revenue sharing, which rewards builders and applications for contributing order flow. Unlike traditional payment for order flow models, PitPass distributes revenue transparently while maintaining best execution standards.
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