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UK Bank Targets 250 Million Pounds in Retail Tokenized Deposits

By Markets Desk · 2026-09-19 · Updated 2026-09-19 12:47 UTC

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Monument Bank is set to tokenize up to 250 million pounds of retail deposits on the privacy-focused Midnight blockchain, offering standard FSCS protections and interest payments to distinguish itself from institutional-only platforms. The bank is also evaluating the use of this infrastructure to expand retail access to private equity and structured products.

2026-09-19 12:47 UTC
According to GN auto markets/crypto: blockchain finance, the bank intends to deploy these tokens on Midnight, a privacy-focused blockchain, while also exploring infrastructure to offer retail clients fractional private equity ownership and Lombard lending services.
Source: bloomingbit.io
2026-09-19 12:30 UTC
Monument Bank plans to tokenize up to 250 million pounds of interest-bearing retail deposits, a move distinct from the institutional-only blockchain systems used by JPMorgan and Citi.
Source: CoinDesk

Based on reporting by CoinDesk and bloomingbit.io, compiled by the Tradingbird desk.

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2026-09-19Illustration: Tradingbird

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