Monument Bank and Midnight Foundation Launch UK’s First Retail Deposit Tokenization Program

TLDR: Monument Bank targets £250M in tokenized deposits on Midnight’s privacy-enhancing public blockchain network. Deposits remain fully backed, redeemable in GBP, and protected under the UK’s Financial Services Compensation Scheme. Phase two opens retail access to private equity, commodity funds, and structured products via the Monument app. Phase three introduces Lombard-style lending, letting customers borrow [...]

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