Monument Bank Limited is a UK-regulated bank providing savings and lending products accessed through its mobile app on iOS and Android. It earns revenue from loan interest and product fees, with deposits funding lending and interest paid on savings. The bank is overseen by the Prudential Regulation Authority and Financial Conduct Authority and offers FSCS protection, aiming to be transparent about pricing and services. Its goal is to help UK clients prosper by growing wealth and enabling them to build a worthy legacy through accessible savings, lending, and financial guidance.
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$123.6M
Headquarters
London, United Kingdom
Founded
2016
See people who can refer or advise you
Monument appoints Sunir Kapoor as Non-Executive Director. * People Moves * 18.08.2026 08:52 am Monument Bank, the bank for the mass affluent, has appointed Sunir Kapoor as an independent Non-Executive Director. Kapoor joined the board in July 2026 and sits on the Audit Committee. Kapoor spent six years as a Non-Executive Director of BBVA, where he served on the Technology Committee. He brings four decades of technology leadership from working across Europe and Silicon Valley, having founded and led multiple companies, taking one public and selling two to Fortune 500 acquirers. He is currently Non-Executive Chairman of Kibo Ventures, a board member of Aizon and LatticeFlow and a strategic advisor to HappyRobot. On his appointment Kapoor said: "What drew me to Monument is the market it has identified. It's building a bank for mass affluent customers with technology at the centre rather than bolted on afterwards. Having spent forty years in technology and six years on a global bank board, I've seen how hard that is to do the other way round. That's the perspective I hope to bring, from Silicon Valley and from BBVA". Fiona Pollard, Chair of Monument Bank, said: "Technology is what lets Monument be a better bank for this group. Sunir has done both jobs: he's built technology companies and he's sat on the board of a major European bank in an era of transformation. That combination is rare, and his guidance will help us move faster as we build out what Monument offers beyond savings". Monument has grown quickly since launching as a savings bank for mass affluent customers. Deloitte's UK Technology Fast 50 named it the fastest-growing fintech of 2025, and runner-up overall across all sectors, on revenue growth of 9,518%. The bank crossed £7 billion in client savings and 100,000 clients in the same year, and joined the Future Fifty cohort, the UK's programme for pre-IPO companies, in 2024.
MONUMENT BANK LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
A UK-regulated bank has tokenized £250 million in live customer deposits on Cardano's Midnight protocol using zero-knowledge proofs.
Cardano partners with uk's Monument Bank to launch tokenized GBP deposits. Editor's Choice 4 hours Ago Key Takeaways * Cardano partners with Monument Bank to tokenize GBP deposits on the Midnight network, turning traditional funds into digital, interest-bearing assets. * The initiative could attract hundreds of millions to billions in institutional capital, boosting Cardano's network activity and liquidity. * Tokenized deposits could make payments faster, money transfers easier, and open the door to new blockchain-based banking services. Cardano is making a big move into real-world banking. The blockchain network has partnered with Monument Bank, a fully regulated digital bank in the United Kingdom, to explore turning British pound deposits into digital tokens on the blockchain. Under the initiative, Monument Bank will issue tokenized versions of British pound (GBP) customer deposits on Cardano's privacy-focused Midnight network, making them interest-bearing digital assets. The partnership puts Cardano at the center of a real banking use case, arriving at a time when financial institutions are rethinking how money is issued, stored, and moved, and when the push to bring regulated, compliant infrastructure onto the blockchain has never been stronger. Tokenizing traditional banking deposits. As part of the initiative, Monument Bank wants to turn customer deposits into digital tokens on Cardano's Midnight sidechain. Simply put, the money people keep in the bank would still be regular British pounds, but it would also have a digital version on the blockchain. Each token is expected to be backed 1:1 by real cash, so its value remains equal to the actual deposit. A key part of this is the Midnight network, which is designed with strong privacy features. This helps banks use blockchain technology without exposing sensitive customer information. That's especially important in the United Kingdom, where banks must follow strict rules on data protection and financial security. Midnight is built to strike a balance, keeping data private while still allowing the benefits of blockchain. If it works as planned, tokenized deposits could make banking faster and more flexible. Payments could settle more quickly, funds could move more easily, and banks could connect to new blockchain-based services. For customers, it could mean their money does more than just sit in an account, with the potential to earn returns or be used in new types of digital financial products. Institutional capital could flow into Cardano. Charles Hoskinson, the founder of Cardano, highlighted the potential impact of the partnership, saying that bringing a regulated bank like Monument Bank onto the blockchain could bring in a lot of institutional money. Unlike smaller pilot projects, this deal involves real customer deposits, which could flow into Cardano's network as tokenized assets. Hoskinson described the partnership as a major milestone, saying: "THIS IS ONE OF THE LARGEST DEALS WE'VE EVER DONE AND COULD BRING HUNDREDS OF MILLIONS TO BILLIONS OF TVL TO THE MIDNIGHT ECOSYSTEM." He noted that the deal could substantially boost network activity, increase liquidity, and help Cardano attract more regulated, bank-backed assets into its ecosystem. If the plan moves forward, it could be one of the biggest real-world banking projects on Cardano and show that traditional banks are ready to use blockchain for large, regulated financial operations. What this means for the banking and crypto sectors. For banks. Tokenized deposits could make banking faster and cheaper. Banks might also offer more flexible products, like programmable interest or connections to blockchain services. In the United Kingdom, it shows banks are willing to try digital assets while staying fully regulated. For Cardano and blockchain. Partnering with a regulated bank gives Cardano a big credibility boost. More deposits on the network could increase activity, improve liquidity, and attract other partnerships. A successful rollout could inspire other banks worldwide to explore tokenized banking. For customers. People could access blockchain-based interest products while keeping money in a safe, regulated bank. It could also open new avenues for earning returns that combine traditional savings with DeFi-style opportunities. Challenges ahead. While the Cardano and Monument Bank partnership is promising, there are still some hurdles to clear before tokenized deposits become mainstream. * Regulatory Oversight: U.K. banking rules are strict, so the system must be carefully designed to meet all regulations and protect customer data, even while using blockchain technology. * Security Risks: Digital tokens need strong protection against hacking, fraud, or technical errors. Ensuring safety will be key for both the bank and its customers. * Market Adoption: For this to work, people and businesses need to trust tokenized deposits. That means understanding how they work, feeling confident that their money is safe, and having simple tools to manage the digital assets. * Technical Coordination: Banks will need to ensure blockchain systems work smoothly with traditional banking operations so deposits, payments, and accounts stay accurate and reliable. Overall, the partnership shows a big step toward digital banking, but making it work in the real world will take careful planning, strong security, and building user trust. Final thoughts. The Cardano and Monument Bank partnership is a major step toward bringing blockchain into real-world banking. By turning regular GBP deposits into digital tokens on Cardano's Midnight network, the initiative could make banking faster, more flexible, and open new ways for customers to use and earn from their money. For Cardano, it could bring hundreds of millions to billions in institutional capital, increase network activity, and show that blockchain can handle regulated financial operations. For banks, the deal shows a willingness to explore digital assets within U.K. rules. Customers could access safer, interest-bearing products that blend traditional savings with blockchain. Despite challenges like security and adoption, the partnership could set a model for other banks and signal a new era in tokenized finance. Frequently asked questions. What is the partnership about? Monument Bank will tokenize GBP deposits on Cardano's Midnight network, creating digital versions of customer deposits that earn interest while remaining fully backed by real pounds. What is the Midnight network? Midnight is a privacy-focused sidechain on Cardano. It allows banks to use blockchain technology securely and compliantly, protecting sensitive customer data while offering blockchain functionality. How will tokenized deposits benefit customers? Customers could enjoy faster payments, easier money transfers, and access to interest-bearing digital assets. It also opens the door to using funds in blockchain-based financial services. How could this affect Cardano? The deal could bring hundreds of millions to billions in total value locked, increasing network activity, liquidity, and credibility, and attracting other regulated projects to Cardano. What does this mean for banks? Banks can modernize operations, reduce settlement times, and offer innovative financial products while remaining fully compliant with U.K. regulations. Join its growing community. David Constantino David is a crypto enthusiast, airdrop farmer, and blog writer with a focus on discovering and analyzing new token launches and blockchain projects. He explores the latest trends, shares actionable insights, and guides readers through opportunities in the fast-paced world of digital assets.
Monument Bank pioneers tokenized deposits in UK retail banking. March 26, 2026 tokenized-deposits digital-banking blockchain uk-fintech retail-investments In a move signaling the convergence of traditional finance and blockchain technology, Monument Bank is partnering with Midnight to offer tokenized deposits to its retail customers. This initiative marks one of the first applications of blockchain in UK retail banking, extending access to new investment products while maintaining regulatory protections. The partnership will allow Monument customers to hold interest-bearing deposits as digital tokens on Midnight's network - with funds still held at the bank and covered by the Financial Services Compensation Scheme. Each token represents a one-to-one mapping with pounds sterling held at Monument, ensuring transparency and redeemability. Key features & benefits: * Tokenized deposits: Customers can hold savings as digital tokens within the banking app * Regulatory protection: Deposits remain fully covered by UK's Financial Services Compensation Scheme * Enhanced access: Future plans include tokenized investments and lending products * Privacy-focused design: Transaction data visible only to the bank and customer * No crypto exposure: Customers don't need to buy or manage digital assets themselves Phased rollout: The project will unfold in three stages: * Initial phase: Bringing existing deposits onto Midnight's network as tokens * Second stage: Introducing tokenized investment products from global asset managers * Final stage: Adding Lombard-style lending against investments held through the app Forward-Looking implications: Monument's approach differs from institutional-focused tokenization efforts by prioritizing retail customers. By leveraging blockchain infrastructure while maintaining regulatory compliance, the bank aims to create a more integrated financial experience - spanning savings, investments, and borrowing - all within a single platform. Facing this challenge in your organisation?