🚀 Today we announced plans to launch a tokenised deposit product, targeting to raise up to £250 million of retail customer deposits – a first for a UK-regulated bank on a public blockchain. We’re partnering with Midnight to make this happen. Deposits remain interest-bearing, fully backed, and FSCS-protected. Our customers’ money stays safe. Now it just works harder for them. We built Monument to put people first. This is what that looks like when you pair it with the right technology. A special thanks to The Building Blocks – a key partner in our digital asset strategy and a long-term supporter of Midnight, without whom this wouldn’t have been possible #banking #fintech #tokenization #monumentbank
Read more: https://lnkd.in/eXiP2Msb
Source: Monument Bank Launches Tokenised Deposit Product on Blockchain | LinkedIn
