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Deployments · platform by Monument Bank

Monument Bank tokenised retail deposits on MidnightNew

Monument Bank, a UK savings bank, announced in March 2026 that it will tokenise retail deposits on the Midnight privacy blockchain with the Midnight Foundation, which it called a first for a UK bank. The first phase covers up to GBP 250 million of client savings as one-to-one tokens that stay interest-bearing, redeemable in sterling and FSCS-protected, with transaction details visible only to the bank and its customers. Later phases are to add tokenised investments from outside asset managers and Lombard-style lending against them, and a Monument affiliate plans to offer the capability to other banks. No go-live had been reported by October 2026.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Announced since 25 Mar 2026[1] — No launch, customers or token issuance reported by October 2026. · Reviewed 22d ago

Assets
Bank deposit[1]
Tokenised retail savings deposits, one token per pound held at the bank
Networks
Midnight Public, permissioned[1][2]
Use cases
Investment and trading[1]Secured lending[1]
Jurisdictions
United Kingdom

Participants

Metrics

  • up to £250mPlanned first-phase tokenised deposits · as of 25 Mar 2026[1]
    Target, not issued.

Timeline

  1. Happened 25 Mar 2026 · Announcement · recorded 17 Oct 2026
    Monument Bank and the Midnight Foundation announce plans to tokenise up to GBP 250 million of retail deposits on Midnight as the first of three phases.[1][2]

Sources

  1. [1]Monument becomes the first bank to securely tokenise retail deposits in partnership with the Midnight Foundation — Midnight, 25 Mar 2026. Accessed 17 Oct 2026. Read via the page fetcher (curl hits a Vercel bot check)..B
  2. [2]UK's Monument Bank Partners with Midnight Foundation to Tokenize Deposits — Crowdfund Insider, 26 Mar 2026. Accessed 17 Oct 2026.C
  3. [3]Latham Advises Midnight Foundation on Partnership with Monument Bank — Latham & Watkins, 26 Mar 2026. Accessed 28 Oct 2026.B

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