Monarch Unveils a Marketplace and Crypto Trading Platform

Monarch, a wallet and exchange platform, launched a digital asset marketplace to supports 1,900 separate tokens.

A pre-IPO token for SpaceX, representing private shares of the aerospace company, will be offered on the ATS, according to the company.

The Monarch Marketplace consolidates a number of services including a decentralized wallet, ERC20 exchange, a portfolio tracker, and universal KYC integration on a platform that also enables financial services like credit purchases of cryptocurrency and offers 7.1 percent APR interest on crypto holdings.

Monarch President Robert Beadles hopes his company's suite of applications will streamline the industry and help consumers cut excessive applications.

The platform supports almost all available ERC20 and SLP tokens.

The wallet feature is licensed as a broker-dealer and awaiting approval by the SEC and FINRA. Monarch's integration of Ambisafe's Orderbook used to buy, sell, and hold securities on the blockchain is also pending FINRA and SEC approval.

The platform will allow early investment access to private launches.

Host of Crypto Beadles on YouTube, Beadles teamed up with former Johnson & Johnson engineer Sneh Bhatt to launch Monarch's free decentralized wallet and marketplace.

Beadles said the ecosystem's quarter-million clients - with "a few thousand new downloads every week" - have generated a "Soft cap of over $2 million" through using the platform.

"For merchants, Monarch allows companies to accept crypto with an easy-to-use plugin, opening them up to new revenue streams and user bases. For partners, Monarch offers access to Monarch users, partner development services, revenue share, and marketing exposure," he said.