FAQs for RWAs
What tokenized stocks are available on Monday Trade?
The first available assets are tokenized stocks of the top 10 Nasdaq-listed US equities. Additional assets will be added over time.
Do I need to interact with Anchored directly?
No. You trade entirely through Monday Trade's interface. The market maker network handles all interaction with Anchored.
Are my tokenized stocks really backed 1:1?
Yes. Every tokenized stock issued by Anchored is backed by the actual underlying stock, held in a segregated brokerage account and verified by Accountable, an independent auditor, every 24 hours. Please check the proof of reserves data here.
What happens to my order if the market is closed?
Market orders placed during market closures (weekends, holidays) will not be filled until the next available trading session opens. A market order can only be placed and executed during market hours. Limit orders can be placed at anytime but can only be executed during market hours and extended trading hours.
Can I transfer my tokenized stocks to another wallet?
Yes. Tokenized stocks are standard ERC-20 tokens and can be freely transferred to any compatible wallet on the Monad network.
How are dividends paid?
When the underlying company issues a cash dividend, the equivalent amount is distributed as USDC directly to your wallet. This happens automatically. No claim or action is required. Typically companies distribute dividends on a quarterly basis.
Are there any fees?
These are the fees associated with RWA trading:
Deposit fee: 0 bps Withdrawal fee: 31 bps Buy Order Third Party Fee: 10 bps Buy Order Protocol Fee: 1 bps Sell Order Protocol Fee: 1 bps
Do I need to complete KYC?
No. RWA Trading on Monday Trade does not require KYC, consistent with the rest of the platform.
Where can I learn more about how tokenized stocks work?
At the bottom of each tokenized stock on Monday Trade's trading portal, users can find additional information about the tokenized stock. Further details can be found at our partner's page, anchored.finance.
Does Monday Trade custody my assets?
Your assets are ERC-20 tokens that sit in your non-custodial wallet
What is mUSD?
mUSD is a 1:1 USD-backed accounting unit reflecting the real-time purchasing power. It is required to purchase and sell RWAs on Monday Trade. It is a digital representation of the credit you have exclusively for RWA trading on Monday Trade. mUSD is not a cryptocurrency, stablecoin, or transferable virtual asset.
Have RWAs on Monday Trade been audited?
Yes, Anchored, our partner for RWA trading, has undergone a smart contract audit with Sherlock. The report will be published when the RWA trading goes live.
What are the trading hours for RWAs on Monday Trade?
The trading sessions are structured as follows, from Sunday evening to Friday evening:
Overnight Session: 8:00 PM - 4:00 AM ET (technically occurs on the evening before the trade date)
Pre-Market Session: 4:00 AM – 9:30 AM ET
Regular Market Session: 9:30 AM - 4:00 PM ET
After-Hours Session: 4:00 PM - 8:00 PM ET
The overnight session follows the NYSE holiday calendar. If US markets are fully closed for a holiday, the overnight trading session immediately preceding that holiday will not run. For example, the overnight session will be closed on the Wednesday evening before US Thanksgiving (8:00 PM ET) and will resume on Thursday evening at 8:00 PM ET. On US market half-days, the overnight trading session runs as normal for the full eight hours (8:00 PM ET – 4:00 AM ET), even if regular or after-hours trading closes early. For example, on the Friday after US Thanksgiving, the overnight session runs as usual, but the after-hours session does not.
Can I redeem my tokenized stock for the underlying asset?
You may only redeem tokenized stocks for USDC
How is the price of the tokenized stock determined?
Monday Trade's RWA trading benefits from institutional-grade liquidity and execution, meaning that the price and liquidity is sourced by Anchored's partner and market maker network, who in turn are partnered with brokerage firms to ensure top tier execution.
Does RWA trading use a liquidity pool?
No, it uses a market maker network that provides instant access to NASDAQ/ TradFi Markets & liquidity
How to add the tokenized stock to my wallet?
Find the tokenized stock and select the add to wallet icon beside it—the token may import automatically.
When auto-import doesn’t work, hold the cursor over the icon to display the token’s on-chain address.
Paste or enter that address in your wallet’s “add custom token” (or equivalent) flow, following the wallet’s own guide.
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