Monument Bank Partners with Midnight Foundation for Tokenized Deposits

Monument Bank has announced a partnership with Midnight Foundation to introduce up to £250 million in tokenized deposits on-chain as part of its initial phase. According to NS3.AI, the Bank of England-regulated institution currently manages around £7 billion in deposits from 100,000 customers. Future phases of the project will include tokenized investment products and Lombard-style lending. In the cryptocurrency market, NIGHT is trading at $0.0455. The daily chart indicates an inverted cup and handle pattern, with $0.041 as a breakdown confirmation level and approximately $0.056 as a bullish invalidation point.