Monument Bank to tokenized 250 million pounds of retail deposits in UK first

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Monument Bank to tokenized 250 million pounds of retail deposits in UK first The deposits will remain interest-bearing, fully backed, and protected by the country's Financial Services Compensation Scheme. By Francisco Rodrigues | Edited by Sheldon Reback Mar 25, 2026, 12:00 p.m. Make us preferred on Google (Eduardo Soares/Unsplash) What to know : Monument Bank, a U.K. challenger bank, plans to tokenize up to 250 million pounds ($335 million) of retail customer deposits on the Midnight network, a public blockchain. The deposits will remain interest-bearing, fully backed, and protected by the U.K.'s Financial Services Compensation Scheme. The move could pave the way for other institutions to adopt similar tokenized deposit models through Monument's Banking-as-a-Service platform. Monument Bank said it plans to tokenise up to 250 million pounds ($335 million) of retail customer deposits on the Midnight network in what it described as the first such move by a U.K.-regulated bank on a public blockchain. The London-based challenger bank said the deposits will remain interest-bearing, fully backed by Monument and redeemable one-for-one in pounds sterling. They will also remain covered by the U.K.’s Financial Services Compensation Scheme. The move marks is a step in the push to bring tokenized financial products into regulated banking. While banks in the U.K. and elsewhere have explored tokenized deposits , most work to date has focused on institutional use or closed networks. Monument is pitching this effort at retail customers, starting with clients with investable assets between 50,000 pounds and 5 million pounds, the so-called mass-affluent , according to asset manager St. James's Place. Monument, which says it has more than 100,000 customers and about 7 billion pounds in deposits, said the first phase will mirror savings balances on Midnight’s privacy-focused blockchain. Later phases are meant to add tokenized investment products such as private market and commodity funds, followed by lending against those holdings inside the Monument app. Midnight Foundation, which was developed by Shielded Technologies, a company linked to Cardano creator Input Output, is providing the blockchain infrastructure. Monument said the system is designed so transaction data remains visible only to the bank and its customers, while operating within existing U.K. banking protections and compliance rules. The announcement also points to a wider play. Monument said affiliate Monument Technology plans to offer tokenized deposit functionality through its Banking-as-a-Service platform. That could allow other institutions to adopt the same model. UK Tokenization Di più per voi Crypto broker Bitpanda launches blockchain to connect EU banks with tokenized assets Di Krisztian Sandor | Editor Stephen Alpher 3 ore fa The Vienna-based firm is joining the growing race joins race to build compliant blockchain rails for traditional securities like equities and funds. Cosa sapere : Vienna-based crypto broker Bitpanda is launching a blockchain to let European banks and fintechs issue and settle tokenized assets under rules such as MiCA and MiFID II. Vision Chain will use regulated euro-denominated stablecoins for transaction fees and rely on Optimism’s Ethereum-based infrastructure. The move positions Bitpanda in a broader... Leggi tutta la storia Latest Crypto News Bitcoin’s refusal to fall signals crypto's underlying strength even as war risks linger 39 minutes ago STS Digital unveils structured crypto platform with Kraken as distribution partner 1 hour ago Bitcoin nears $72,000 as rising open interest signals growing leverage in choppy market 1 hour ago Gold’s longest losing streak in a century meets bitcoin’s resurgence 1 hour ago Crypto broker Bitpanda launches blockchain to connect EU banks with tokenized assets 3 hours ago There's a huge $14 billion bitcoin options expiry this Friday and it points to $75,000 as price magnet 3 hours ago Top Stories Circle stock plunges 20% as a new draft of the Clarity Act threatens stablecoin rewards 19 hours ago Ripple taps Singapore's central bank sandbox to test stablecoin-powered trade finance with RLUSD 6 hours ago Retail traders fare worse on prediction markets than sportsbooks 6 hours ago BlackRock sees AI driving crypto’s next bull phase as altcoin interest fades 15 hours ago BNY CEO says the future of crypto runs through big banks 16 hours ago