Monument Bank Taps Privacy-Focused Midnight to Tokenize £250M in Retail Deposits

Description

Monument Bank Founder Mintoo Bhandari and Midnight Foundation President Fahmi Syed join CoinDesk's Jennifer Sanasie to announce their partnership that will bring billions of retail customer assets on-chain. And, the role of tokenization as the key to democratizing private banking and the launch of "Web 2.5" financial services. - Timecodes: 01:18 - What Tokenized Deposits Unlock 06:28 - Do Customers Need to Know It's on a Blockchain? 08:14 - Why is Now the Right Time? 12:23 - Public Blockchain + Privacy Layer: How GDPR Compliance Works 14:20 - Update on the Midnight Mainnet Launch 15:16 - Banking as a Service: Is Demand Already There? - #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP