Monument Bank to Tokenize £250 Million in Retail Deposits on Midnight
- —Monument Bank will tokenize up to £250 million ($335 million) in retail deposits
- —The deposits will remain interest-bearing and protected by the FSCS scheme
- —JPMorgan moves $3 trillion through Kinexys, but only for institutions
- —Midnight uses ZK proofs to protect customer data
Why it matters: The project could become the first case of retail customers accessing tokenized deposits within a regulated bank.
Source: CoinDesk