FILTERED RESULTS
FILTERS
Ads Top
DARK MODE
CHART
MCap $2.9T -0.2%24h Vol $56.3B -37%Fear & Greed 70/100Alts Index 57/100
BTC.D 59.3% -0.1%Stable.D 9.1% 0%ETH.D 11.4% 0%Others.D 20.2% +0.1%
AKT$0.8403+23.33%•FET$0.2587+16.64%•PROS$0.8248+14.97%•RAIN$0.0119+13.7%•HNT$0.5686+13.61%•ORCA$2.023+12.07%•BEAM$0.00243521+11.6%•ADA$0.2698+10.97%•STRK$0.0580+10.85%•VIRTUAL$0.8733+10.04%•
BR$0.4591-20.64%•BTW$1.179-18.64%•STONK$0.1996-14.92%•AI$0.1145-14.87%•NIGHT$0.0453-7.89%•MON$0.0327-6.81%•ZRO$1.904-6%•CARDS$0.2464-5.95%•QNT$252.80-5.88%•ZAMA$0.0847-4.9%•
Top movers 24h
    Filters
      Coins
      Sentiment
      Impact
      Search
      FILTERED RESULTS

        

      Upgrade your plan
      Dashboard

      Monument Bank to Tokenize £250 Million in Retail Deposits on Midnight Blockchain

      Monument Bank, a UK challenger bank, is set to tokenize up to £250 million (approximately $330 million) in retail customer deposits using the Midnight blockchain, a privacy-focused network developed by Shielded Technologies. This initiative marks a significant milestone as it will be the first instance of a UK-regulated bank offering tokenized deposits to everyday customers, rather than just institutional investors.

      The tokenized deposits will maintain a 1:1 peg with traditional savings balances and will be fully backed and redeemable in pounds sterling. Monument Bank aims to cater to 'mass-affluent' clients, individuals with investable assets ranging from £50,000 to £5 million. Currently, the bank manages around £7 billion in deposits from over 100,000 customers, with the tokenized amount representing about 3.6% of its total deposits.

      Originally scheduled for launch earlier in 2026, the project has been delayed to November due to regulatory challenges. Monument's founder, Mintoo Bhandari, indicated that the bank faced difficulties in securing a UK-based custodian that complies with Financial Conduct Authority standards for advanced privacy technologies. As a solution, Monument has engaged a custodian based in Canada that meets these regulatory requirements.

      The integration of tokenized deposits into a consumer banking app means that customers will not need to understand blockchain technology to benefit from the service. Future developments may include tokenized investment products and lending options, all managed through the app. The choice of the Midnight blockchain is notable, as it is designed for selective disclosure, a feature that is crucial for regulated institutions.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud