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Midnight Deal With Monument Could Drive Massive TVL Growth, Says Hoskinson

Midnight Deal With Monument Could Drive Massive TVL Growth, Says Hoskinson

Author:

Global Cryptocurrency

Published:

2026-03-25 21:43:02

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BTCCSquare news:

Monument Bank is bridging traditional finance with blockchain through tokenized retail deposits. Developed alongside the Midnight Foundation, this initiative allows customers to hold digital versions of bank deposits while retaining conventional protections and interest earnings.

Unlike cryptocurrencies, these tokens represent existing deposits one-to-one, redeemable in pounds sterling. Charles Hoskinson highlights the deal's significance, projecting potential inflows of hundreds of millions to billions into Midnight's ecosystem.

The initial rollout targets £250 million, signaling a transformative shift in banking product delivery via blockchain infrastructure.

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