Gate News reports that on March 26, the regulated UK bank Monument Bank announced plans to tokenize approximately $335 million of retail customer deposits on the Midnight network. These tokenized deposits will continue to accrue interest and be fully insured, protected by the UK Financial Services Compensation Scheme (FSCS). Monument Bank stated that in subsequent phases, they will introduce tokenized investment products such as private market funds and commodity funds, and based on this, launch asset-backed loan services within the Monument app.
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