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Midnight 🤝 Monument Bank
Monument is set to become the first UK-regulated bank to tokenize retail customer deposits on a public blockchain — representing interest-bearing savings as digital tokens while remaining fully backed, redeemable in GBP, and protected under existing regulatory frameworks.
Built on Midnight’s privacy-enhancing blockchain infrastructure, this approach ensures that transaction data remains shielded and accessible only to authorized participants — enabling the use of blockchain technology while maintaining the confidentiality and compliance required in regulated financial services.
The initiative begins with a target of £250 million in tokenized deposits and represents the first phase in a broader rollout to expand access to tokenized financial products. Over time, this includes enabling exposure to asset classes such as private equity and structured products, and introducing more flexible lending models — capabilities historically reserved for institutional and private banking clients.
Together, this partnership demonstrates how regulated financial institutions can bring traditional financial products on-chain — unlocking a more flexible, accessible, and programmable financial system without compromising privacy or regulatory standards.
Liqwid really said:
“don’t worry frens, all the NIGHT goes to users”
Then hit everyone with:
“lol actually 90% to DAO”
If that messaging was used to keep deposits in the protocol, people can call it exactly what it looks like I believe it starts with an f and ends with raud
"Just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions."
- Timothy C. May's "The Crypto Anarchist Manifesto" (1988/1992)
$NIGHT
I was pulling weeds in my garden and thought to myself:
"What if AI realizes it is competing with Bitcoin for energy so it decides to use proof of stake coins for micro payments and ignore Bitcoin?"
Anyway, back to playing in the dirt.