The post Monument Bank and Midnight Foundation Launch UK’s First Retail Deposit Tokenization Program appeared on BitcoinEthereumNews.com.

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 against investments without liquidating their assets. Monument Bank is set to become the first UK-regulated bank to tokenize retail customer deposits on a public blockchain. The bank, regulated by the Bank of England, manages roughly £7 billion in deposits. Working with the Midnight Foundation, Monument plans to bring up to £250 million in deposits onto the Midnight network. The program targets mass-affluent customers seeking access to modern financial tools while retaining full regulatory protection under existing UK frameworks. Tokenized Deposits Open New Doors for Retail Banking Customers Monument’s approach centers on representing customer savings as digital tokens on Midnight’s privacy-enhancing blockchain. Each token corresponds one-to-one with funds held at the bank, functioning as a digital mirror of a traditional deposit. Customers will earn interest just as they would with a standard savings account. The deposits remain fully backed by Monument and redeemable in pounds sterling. They also stay protected under the Financial Services Compensation Scheme, preserving the same safeguards customers already rely on. Blockchain infrastructure operates behind the scenes, requiring no direct handling of digital assets by the customer. Midnight’s architecture ensures that transaction data stays shielded and accessible only to Monument Bank and its customers. Midnight Monument Bank Monument is set to become the first UK-regulated bank to tokenize retail customer deposits on a public blockchain — representing interest-bearing savings as digital tokens while remaining fully backed, redeemable in GBP, and protected under existing… pic.twitter.com/Uonj2jqcHM — Midnight Foundation (@midnightfdn) March 25, 2026 This privacy-focused…

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Filed under: News - @ March 25, 2026 11:26 pm