Monument Bank will launch tokenised retail deposits built on Midnight Foundation infrastructure, with each token backed 1:1 by traditional deposits and redeemable in pounds. An initial rollout of up to £250 million is planned, followed by phased expansion into tokenised investment products and lending against tokenised assets. The project will use privacy‑focused blockchain technology to restrict sensitive data access. Charles Hoskinson tweeted this could bring hundreds of millions to billions in total value locked (TVL) to the Midnight ecosystem.

Positive sentiment based on concrete product design: tokens are 1:1 backed and redeemable in pounds, with an explicit initial rollout up to £250 million and planned expansion into investment products and lending. Hoskinson's tweet projects TVL growth into the hundreds of millions–billions, supporting upside for Midnight, but the only firm short‑term figure provided is the £250M rollout and expansion is phased, so near‑term market impact is limited.