UK Digital Bank Monument Bank Plans to Tokenize £250 Million in Retail Deposits

SmartContractAuditor

2026-03-25 14:46:22

Abstract generation in progress

Odaily Planet Daily reports that UK digital bank Monument Bank announced plans to tokenize up to £250 million (approximately $335 million) in retail deposits on Midnight Network, calling it the UK’s first such practice promoted by a regulated bank on a public blockchain. The bank stated that the related deposits will earn interest, be fully backed by the bank, and can be exchanged for GBP at a 1:1 ratio. Unlike previous efforts mainly focused on institutional clients or closed networks, Monument will offer this product to retail customers, with the initial target being the “affluent mass” group holding investable assets between £50,000 and £5 million. (Coindesk)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.