What Monaco Research does

Monaco Research Inc. is a US-incorporated, New York-based private company building Monaco Protocol, a high-performance decentralized trading infrastructure for spot, perpetual futures, and prediction markets. The protocol combines off-chain Central Limit Order Book (CLOB) order matching with on-chain settlement on the Sei Network (EVM-compatible, single-slot finality), claiming sub-millisecond matching and approximately 400ms settlement. It exposes a multi-rail developer surface — REST, WebSocket, gRPC, and Model Context Protocol (MCP) — with SDKs in TypeScript, Rust, Python, and C++, plus React and wagmi/viem integrations.

The platform lists cross-asset instruments spanning crypto (BTC, ETH, SOL, SEI), US equities (AMZN, NVDA, META, GOOG, TSLA, SPX), commodities (WTI, gold, copper, natural gas), FX proxies, prediction markets, and synthetic indices such as the AI Composite Index. Monaco monetizes via a 5 bps taker fee and a -1 bps maker rebate, supplemented by the PitPass incentives program — BuilderCodes (permanent USDC revenue-share for frontend builders) and TraderCodes (3-deep referral revenue-share at 30/15/5%). Access is gated through a whitelist application during the current private alpha testnet phase.

The company is led by CEO Simran Singh (appointed November 11, 2025), formerly Head of DeFi Trading at GSR and previously at Goldman Sachs. The broader team is drawn from Goldman Sachs, GSR, Jump Trading, Hudson River Trading, Point72, and Robinhood. Monaco serves two horizontal segments: end-user traders (retail and institutional) and builder/developer teams integrating the protocol into frontends, trading bots, and aggregators. No funding rounds, revenue figures, or named enterprise customers are disclosed; the protocol remains in private alpha testnet.

Name

Monaco Research

Legal name

Monaco Research Inc.

Website

https://0xmonaco.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Monaco Research builds Monaco Protocol, a high-performance decentralized CLOB trading infrastructure on Sei EVM delivering sub-millisecond matching and ~400ms on-chain settlement for spot, perpetuals, and prediction markets, serving retail and institutional traders alongside developer teams integrating via multi-language SDKs.

Ownership category

akta.pro rank

Product category

Decentralized Trading Infrastructure

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Order-Book (CLOB) DEXs (FSADABAB)

akta.pro secondary industry

Multi-Asset Auction & Periodic Matching Platforms (FSAFAEAK)

Keywords

• Decentralized trading infrastructure
• Central limit order book
• On-chain settlement protocol
• Perpetual futures trading
• Cross-asset trading platform

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Protocol Trading Fees: Monaco Protocol charges a 5 bps (0.05%) taker fee on trades that take liquidity from the order book. Market makers receive a -1 bps (-0.01%) maker rebate for providing liquidity. These fees are the primary revenue source for the protocol.
2. BuilderCodes Revenue Share: Front-end builders can add custom maker and taker fees (≥ 0 bps) on top of Monaco's base fee structure, with all additional fees accruing to the front-end. Frontends also earn additional rewards proportional to volume routed through Monaco from the Monaco base fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Monaco Research develops and operates Monaco Protocol, a high-performance decentralized trading infrastructure providing a Central Limit Order Book (CLOB) for spot and perpetual markets. The protocol combines off-chain order matching with on-chain settlement on the Sei Network (EVM-compatible), delivering sub-millisecond order matching and approximately 400ms settlement with single-slot finality. It is distributed to developers through SDKs (TypeScript, Rust, Python, C++), REST/WebSocket/gRPC APIs, and an MCP server for AI assistant integration, and to end users through permissioned frontends including Monaco Capital.

Product overview

Monaco Research operates Monaco Protocol, a high-performance global trading network for spot and perpetual markets built on the Sei Network blockchain. The core product is Monaco Protocol itself, a CLOB (Central Limit Order Book) infrastructure combining off-chain order matching with on-chain settlement. The product portfolio centers on Monaco Protocol as the foundational trading infrastructure, with developer-facing SDKs in TypeScript (core and React packages), Rust, Python, and a gRPC API for high-performance trading. The Monaco MCP Server enables AI assistant integration with Claude, Cursor, and Windsurf. Frontend builders access the platform via PitPass incentives (BuilderCodes and TraderCodes for revenue-sharing), while end users trade through the Monaco Capital interface with institutional-grade portfolio margining. The whitelist application manages permissioned testnet access. Currently in private alpha testnet phase.

Differentiator

Problem solved

Functional benefit

Brands

• Monaco Protocol: High-performance global trading network for spot and perpetual markets, providing institutional-grade trading infrastructure for decentralized applications.
• PitPass
• BuilderCodes
• TraderCodes
• Monaco MCP Server

Products and services

• Monaco Protocol High-performance global trading network for spot and perpetual markets providing institutional-grade trading infrastructure for decentralized applications; combines off-chain order matching with on-chain settlement on Sei Network, delivering sub-millisecond matching and approximately 400ms settlement with single-slot finality.
• Monaco Protocol TypeScript SDK (@0xmonaco/core) Full TypeScript SDK covering REST API surface, WebSocket real-time streams, authentication, trading, market data, vault operations, margin accounts, positions, and delegated agents; requires viem for wallet interactions and supports custom RPC configuration.
• Monaco Protocol React SDK (@0xmonaco/react) React hooks package providing MonacoProvider context wrapper and 14+ hooks for authentication, trading, market data, orderbook, OHLCV, trade feed, user orders/balances/movements, vault operations, positions, and profile management.
• Monaco MCP Server Model Context Protocol server exposing Monaco's full API surface as tools for MCP-compatible AI assistants (Claude, Cursor, Windsurf); public mode provides read-only market data without credentials, authenticated mode unlocks trading, balance management, and vault operations.
• Monaco gRPC API High-performance gRPC API over HTTP/2 with binary Protocol Buffers serialization; proto definitions available on Buf Schema Registry; provides lowest-latency path for trading with concurrent request multiplexing.
• Monaco Rust SDK (monaco-sdk)

Quantifiable outcome

• 5 bps taker fee and -1 bps maker rebate
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature8 records

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Regional players

• Jupiter: Jupiter is the dominant Solana DEX aggregator and perps venue, a regional comparable in the Solana ecosystem that competes with Monaco for builder-aggregator mindshare and aggregator-driven volume.

Direct peers

• dYdX: dYdX is a high-throughput CLOB-based perpetual DEX on its own appchain, the most established on-chain order-book venue and a direct competitor for institutional and pro-trader flow.
• Vertex Protocol: Vertex is a hybrid order-book/AMM DEX offering spot, perps, and money markets — closely comparable to Monaco's cross-asset, multi-market offering on a single venue.
• Drift Protocol: Drift is a Solana-based CLOB perp DEX with a virtual AMM fallback, competing for the same cross-margin perpetual futures trader audience that Monaco targets.
• Aevo: Aevo runs an off-chain matching, on-chain settlement CLOB DEX focused on perps and options listings, closely mirroring Monaco's architecture and target customer base.
• Hyperliquid: Hyperliquid operates the leading on-chain CLOB perpetual futures DEX with its own L1, directly competing with Monaco's CLOB DEX architecture for spot and perp liquidity and high-performance traders.
• Paradex: Paradex is a CLOB perp DEX built on Starknet targeting institutional-grade performance, directly comparable to Monaco's CLOB + low-latency positioning.
• Orderly Network: Orderly provides a CLOB-as-a-service infrastructure layer that other DEXs white-label, comparable to Monaco's Protocol-as-an-infrastructure approach via BuilderCodes and SDKs.

Others

• 0x: 0x is a long-standing DEX aggregator infrastructure provider; relevant as an adjacent infrastructure peer for routing and aggregation that could integrate or compete with Monaco's routing layer.

Broad incumbents

• Sei Network: Sei is the EVM-compatible L1 Monaco is built on; comparable as the underlying incumbent layer providing high-throughput matching infrastructure that Monaco leverages for its performance edge.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/MonacoOnSei
• GitHubgithub.com/Monaco-Research
• LinkedInlinkedin.com/company/monaco-research

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Monaco Research