# Monochrome Exchange Raises More Than 5.5M USDT in MCR IEO

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/24603
Published: 2026-09-27T13:12:39.000Z
Updated: 2026-09-27T13:12:39.000Z
Section: Business

> The exchange was founded by Jeff Yew, the former CEO of Binance Australia. The fundraising total was recorded as of Sept. 27.

Monochrome Exchange launched an initial exchange offering for its MCR token and had raised more than 5.5 million USDT as of Sept. 27.

Jeff Yew is the founder of Monochrome Exchange and former CEO of Binance Australia. The exchange is using the MCR IEO to raise funds through the token offering.

The MCR IEO had crossed the 5.5 million USDT mark by Sept. 27.