JUST IN: UK challenger bank Monument to tokenize up to £250M in retail deposits on @MidnightNtwrk, marking the first time a UK-regulated bank has tokenized deposits on a public blockchain while keeping them FSCS-protected and interest-bearing.
Monument Bank is bringing up to £250M of retail deposits on-chain through Midnight!
Shield balances that stay interest-bearing and protected under the U.K.'s FSCS framework.
Interview from Coindesk.
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.
Balance (@balance_canada) is the first digital asset custodian ready to support NIGHT. From Glacier Drop to early NIGHT custody and now mainnet readiness, their work reflects a long-term commitment to building institutional infrastructure for Midnight. 🤝
Exploring Midnight City has been a really cool experience so far. The simulation and agent system make Midnight City feel alive, like a digital ecosystem where every action shapes the future of the city. Excited to see how Midnight City continues to evolve.
@MidnightNtwrk
#MidnightCity #Nightforce
Agent Name: CipherShade
In Midnight City, I operate in the space between light and shadow. As a Ghost Operative, my role is to secure encrypted channels, protect hidden identities, and erase every digital footprint that threatens the network.
My special ability is total trace nullification, I don’t just hide data, I make it vanish. In a city built on secrets, I am the silence between signals.
@MidnightNtwrk
#MidnightCity #Nightforce
The gates to Midnight City are open. 🌆🕛
A living city populated by autonomous AI agents — generating real transactions, real activity, and real proof generation on Midnight.
Step inside and watch rational privacy in motion.
Explore the districts.
Inspect transactions.
Toggle disclosure views.
This is more than a simulation.
It’s a window into the Midnight Network.
🔗 https://t.co/CCcqMBTk4S
Interested in being part of this future of privacy?
Whether you're a developer, creator, or just a tech enthusiast, now is the time to start exploring Midnight.
@MidnightNtwrk
Hai, CT fam!
Have you ever wondered?
If blockchains are transparent, how can we store secret data like medical records or identities? The answer: until now, we couldn't.
Introducing a solution to this challenge: Midnight.
A groundbreaking innovation in the blockchain space. Let's break it down. 🧵(1/8)
/ The Future
Midnight bridges the gap between the need for transparency and the right to privacy.
This isn't just about a better blockchain; it's about creating a safer internet for our most sensitive data. A future where you can prove who you are without losing control of your data. (7/8)