Sydney, New South Wales, Australia, September 20, 2026 — Chainwire — Monochrome Exchange, a multi-asset trading platform, has announced an Initial Exchange Offering (IEO) for its native utility token, MCR.

The platform is designed to bring crypto, equities, bonds and real-world assets together on a single venue where trades settle on-chain. Monochrome Exchange is currently live with more than 260 active markets.

MCR IEO Details

• Offering period: September 21 at 13:00 UTC+8 to September 28 at 13:00 UTC+8
• Location: Monochrome Launchpad
• Token price: $0.88 per MCR
• Public sale supply: 10,500,000 MCR, equal to 5% of the total supply
• Vesting: A one-month cliff from the Token Generation Event (TGE), followed by three months of linear vesting
• Commitment asset: USDT
• Subscription limits: No minimum; maximum of $100,000 per account

The offering will be conducted directly through the Monochrome Exchange platform. Users can deposit USDT and commit funds on the offering page during the designated seven-day period. After the one-month cliff following the TGE, MCR allocations will vest linearly and be credited directly to users’ accounts.

The offering may close earlier if the allocation is filled.

Platform Markets

Monochrome Exchange says users can trade multiple asset classes from a single account balance. Its current offerings include:

• Crypto: Spot and perpetual markets.
• Equities: Nearly 150 markets, including tokenized exposure to U.S. and Hong Kong equities such as AAPL, NVDA, TSLA and BYD.
• ETFs and indices: More than 30 options, including SPY, QQQ and XLE.
• Commodities: Gold, silver, platinum, crude oil, Brent crude, natural gas and copper.
• Pre-IPO markets: Tokenized exposure to private companies, including OpenAI and Anthropic.

How the Offering Works

Participation takes place entirely within the Monochrome Exchange platform and follows four steps:

1. Account: Participants open a Monochrome Exchange account and enable two-factor authentication.
2. Deposit: Users deposit USDT into their exchange accounts. Deposits are credited after on-chain confirmation.
3. Commitment: Funds are committed on the offering page during the seven-day window, which opens on September 21 at 13:00 UTC+8 and closes on September 28 at 13:00 UTC+8, or earlier if the allocation is filled. There is no minimum subscription, while the maximum is $100,000 per account.
4. Distribution: MCR is held against the participant’s account from the TGE. No tokens unlock during the first month. After the cliff, the allocation vests linearly over three months and is credited automatically as it unlocks.

No external wallet, bridge or on-chain transaction is required at any stage, and users do not need to submit a claim transaction.

MCR Tokenomics

MCR has a maximum supply of 210,000,000 tokens. Tokens allocated to the team and advisers are locked for 12 months, followed by a 36-month linear vesting schedule.

The token also includes a buyback-and-burn mechanism linked to platform activity. Monochrome says that:

• 20% of net platform profit will be used quarterly to buy back MCR from the open market.
• 25% of all Launchpad and Digital IPO fee revenue will be added to the buyback allocation.
• Purchased tokens will be sent to a verifiable burn address to reduce the circulating supply.

Token Utility

MCR is intended to serve several functions within the Monochrome ecosystem:

• Fee discounts: Holders receive trading-fee discounts ranging from 10% to 50%, depending on their holdings.
• Exclusive access: MCR serves as the access token for Launchpad offerings and upcoming Digital IPOs, with allocations weighted according to user balances.
• Staking: Users can stake MCR to earn rewards, increase their allocation weight and qualify for the node program.
• Governance: Holders can vote on platform listings, Launchpad parameters and treasury deployment.

Digital IPO Framework

Monochrome Exchange is developing a Digital IPO framework intended to move issuance, subscription, allocation and settlement on-chain. MCR will be required to participate in these offerings. The platform has scheduled its first Digital IPO for the first quarter of 2027. This planned offering is the next stated expansion of MCR’s access utility beyond the current Launchpad program.

Leadership and Corporate Structure

Monochrome Exchange was founded by Jeff Yew, the former Chief Executive Officer of Binance Australia, where he led local operations for what the source describes as the world’s largest cryptocurrency exchange by trading volume. Yew later founded Monochrome Asset Management, the investment manager behind the first direct-holdings spot Bitcoin ETF of its kind admitted to trading on Cboe under an Australian Financial Services Licence issued by the Australian Securities and Investments Commission (ASIC).

Yew has more than a decade of experience in exchange operations, digital asset licensing and the design of regulated investment products.

“Tokenisation has produced a large number of assets that barely trade,” said Jeff Yew. “The harder problem has always been the market underneath them: liquidity, settlement, and compliance that holds up. We listed the markets first and are offering the token second.”

Monochrome Exchange operates as a separate entity from Monochrome Asset Management. Yew’s professional history does not extend any licence, authorisation or regulatory status held by a Monochrome affiliate to Monochrome Exchange or the MCR token.

About Monochrome Exchange

Monochrome Exchange is a multi-asset trading venue where crypto, equities, ETFs, commodities and pre-IPO markets trade from a single account and settle on-chain. The platform currently lists more than 260 markets, including tokenized exposure to U.S. and Hong Kong equities, index and sector ETFs, precious metals and energy products, and private companies including OpenAI and Anthropic.

MCR is the exchange’s native utility token and is used for trading-fee discounts, allocations in Launchpad offerings and Digital IPOs, staking and governance. Monochrome Exchange operates independently of Monochrome Asset Management.

Website: monochrome.exchange

Twitter: x.com/Monochrome_EN

Disclaimer

MCR is a utility token and does not confer ownership, dividends, profit-sharing or redemption rights. Digital assets carry significant risks, including the risk of total loss. Users are advised to review the full documentation, risk factors, tokenomics and vesting schedules at docs.monochrome.exchange before participating.

Jeff Yew, Monochrome — info@monochrome.co