Monad Brings Tokenized Stocks and Credit On-Chain as Ecosystem Activity Surges in April

• Monad’s April growth added tokenized U.S. stocks, credit products, cbBTC liquidity, and new payment rails across its ecosystem.
• Centrifuge brought tokenized Treasury bills, CLO exposure, and Apollo credit products to Monad for use across DeFi markets.

Monad’s April ecosystem update showed a clear shift toward real-world assets, Bitcoin-backed DeFi, and payment infrastructure. Monad added tokenized U.S. stocks, tokenized credit products, and more payment options for users joining its ecosystem.

In April, Monday Trade launched tokenized NASDAQ stocks on Monad, giving users on-chain access to major U.S. equities such as Apple, Tesla, and Nvidia through Web3 wallets. The platform uses USDC for settlement and supports 24/5 trading, while each stock token uses 1:1 backing through Anchored’s infrastructure.

The launch gives Monad a direct role in the growing market for tokenized equities. These products move stock exposure into an on-chain format, where users can hold, transfer, and trade equity-linked tokens without a standard brokerage process. The setup also brings settlement and custody closer to DeFi users who already manage assets through wallets.

Centrifuge added another real-world asset track by bringing tokenized credit products to Monad. The first assets include JTRSY, a tokenized Treasury bill product, and JAAA, an AAA CLO product from Janus Henderson. The rollout also includes Apollo’s diversified credit strategy, ACRDX.

These products matter for Monad’s DeFi market as they introduce fund shares tied to credit and Treasury exposure. Investors hold tokenized shares that represent claims on the underlying assets and support in-kind redemption rights. Centrifuge also plans deRWA wrappers, including deJTRSY, deJAAA, and deCRDX, for use across Monad protocols.

Tokenized Assets Meet Bitcoin Liquidity on Monad

Bitcoin-backed liquidity also expanded on Monad in April. Coinbase’s wrapped Bitcoin, cbBTC, crossed $20 million in total value locked after Chainlink connected the asset to Monad through CCIP in March. The bridge allows cbBTC to move from Base into Monad’s DeFi ecosystem.

The asset gives lending markets, DEXs, and structured products a Bitcoin-backed unit for collateral and trading. That adds a separate liquidity layer from stablecoins and native tokens. Curvance joined the early cbBTC rollout on Monad, giving users another route to borrow against Bitcoin-linked assets.

Additionally, payments advanced across the network. WalletConnect Pay launched on Monad, allowing users to make crypto payments directly from compatible wallets. Swapper Finance added card, Apple Pay, and wallet-based deposit routes, giving apps a simpler way to bring users into Monad without sending them through exchanges.

Chainrails also added Monad support for builders that need payment and deposit tools. Its infrastructure supports value transfers across 35-plus countries and 20 currencies through one API, giving projects more options for fiat and crypto onboarding.

Beyond RWAs and payments, April also brought new DeFi and AI-related activity. EnzoBTC went live on Monad as a yield-bearing Bitcoin product linked to the cbBTC ecosystem. 

New app launches added more coverage across savings, synthetic dollars, payments, and prediction markets. Ample introduced a USD-denominated savings product, Neutrl focused on market-neutral synthetic dollar exposure, Surfcash brought USDC payments for nomads, and Freysa AI added agent tools for prediction market trading.

Builder activity also continued through BuildAnything and Foundry Shanghai. BuildAnything gives developers a place to learn and ship Monad apps, while Foundry Shanghai will bring more than 20 teams to Alibaba’s Shanghai campus from May 25 to May 29.

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