Sei Labs and Monaco Research unveil open-source CLOB with microsecond execution, revenue sharing for builders, and 200,000x faster settlement than traditional markets
NEW YORK, Aug. 18, 2025 /PRNewswire/ — Monaco, a new decentralized trading protocol incubated by Sei Labs and Monaco Research, today announced the launch of its institutional-grade central limit order book (CLOB) infrastructure on the Sei blockchain. The protocol aims to capture a significant portion of the projected $30 trillion tokenized asset market by 2034, offering Wall Street-caliber execution speeds with the transparency and accessibility of decentralized finance.
Monaco represents the realization of Sei’s founding vision as a dedicated layer for high-performance decentralized trading, achieving microsecond execution coupled with Sei’s 400-millisecond settlement — a 200,000x improvement over traditional T+1 settlement cycles.
“Traditional finance is broken. Intermediaries extract billions in fees, markets close when you need them most, and access is restricted by geography and wealth,” said Jay Jog, Co-Founder of Sei Labs. “We’re building something better: Wall Street-grade decentralized trading infrastructure that operates 24/7, treats all participants fairly, and unlocks a new design space for high-performance trading platforms.”
Addressing the Tokenization Megatrend
The launch comes as major financial leaders predict massive growth in tokenized assets. US Treasury Secretary Scott Bessent recently projected stablecoins alone could grow into a $3.7 trillion market by decade’s end. BlackRock CEO Larry Fink has stated that tokenization “will revolutionize investing,” while Standard Chartered’s Global Head of Trade Kai Fehr expects tokenized real-world assets to reach $30.1 trillion by 2034.
Monaco’s infrastructure is designed to handle this explosive growth with:
Revolutionary PitPass Model Democratizes Order Flow
Unlike traditional payment for order flow (PFOF) arrangements that cost retail traders billions annually, Monaco’s PitPass system transparently shares revenue with applications that bring trading volume to the protocol. Exchanges, wallets, games, and other applications can integrate Monaco’s liquidity in minutes and automatically earn fees from the trades they facilitate — without negotiating commercial agreements or sacrificing best execution for their users.
“Monaco doesn’t just level the playing field, it rebuilds it entirely in favor of traders and builders,” added Jeff Feng, Co-Founder of Sei Labs. “By eliminating the conflicts of interest inherent in traditional market structure, we ensure every trade gets best execution while fairly compensating the applications that contribute to our ecosystem.”
Compounding Network Effects Drive Adoption
Monaco’s architecture creates powerful network effects where increased adoption leads to deeper liquidity, tighter spreads, and better pricing — attracting more builders and traders in a virtuous cycle. Early integration partners span multiple sectors:
Monaco is an open-source, composable shared liquidity layer for high-performance decentralized trading. Incubated by Sei Labs and Monaco Research, Monaco provides Wall Street-grade infrastructure accessible to everyone, from institutional traders to indie developers. The protocol supports trading across crypto assets, tokenized real-world assets, prediction markets, and digital economies.
About Sei
Sei is a Layer 1 blockchain designed for fast, cheap financial transactions, combining the security and reliability of Ethereum with the performance of Solana. Sei has processed billions of transactions across more than 45 million wallets and has become the #1 EVM chain by number of active users. The team is backed by top investors such as Multicoin, Jump, Coinbase Ventures and Circle Ventures.
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Disclaimer: This press release contains forward-looking statements. Actual results may differ based on market conditions and regulatory developments.
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