Monument Bank to Tokenize £250M in Retail Deposits on Public Blockchain

2026-03-25 20:25

Monument, a UK challenger bank, has announced plans to tokenize up to £250 million in retail deposits on the Midnight Network. This initiative marks the first instance of a UK-regulated bank tokenizing deposits on a public blockchain while ensuring they remain FSCS-protected and interest-bearing. The move aims to enhance transparency and accessibility for depositors, leveraging blockchain technology to offer innovative financial solutions.

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