Monument Bank to tokenise retail deposits
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## Monument Bank to Tokenise Retail Deposits, Disrupting Traditional Banking Model **Section 1 – What happened?** Monument, a digital banking startup targ
Monument Bank to tokenise retail deposits
Monument Bank to Tokenise Retail Deposits, Disrupting Traditional Banking Model
Section 1 – What happened? Monument, a digital banking startup targeting the UK's mass affluent market, is set to tokenise retail customer deposits. This move marks a significant development in the fintech space, as Monument becomes one of the first banks to tokenize retail deposits. The tokenization process will allow customers to hold their deposits in the form of digital tokens, rather than traditional bank accounts. Monument has not disclosed the exact timeline for the rollout of this new feature.
Section 2 – Background & Context Monument was founded in 2020 with the goal of providing a digital banking experience to the UK's mass affluent market. The startup has received significant funding from investors, including a £60 million Series B funding round in 2022. By tokenizing retail deposits, Monument aims to provide customers with greater control and flexibility over their money, as well as increased security and transparency. This move also has the potential to disrupt the traditional banking model, which has long been based on the idea of holding deposits in physical bank accounts.
Section 3 – Impact on Swiss SMEs & Finance While Monument is a UK-based startup, the implications of tokenizing retail deposits could have a broader impact on the Swiss financial market. Swiss banks, which have traditionally been known for their conservative approach to innovation, may need to consider the potential benefits and risks of tokenization. For Swiss SMEs, this development could provide new opportunities for growth and innovation, particularly if they are able to leverage tokenization to access new funding sources or improve their financial management. However, it also raises questions about the potential impact on traditional banking relationships and the role of banks in the financial system.
Section 4 – What to Watch As Monument rolls out its tokenization feature, it will be worth monitoring how customers respond to this new development. Will customers be willing to give up the security and familiarity of traditional bank accounts in exchange for greater control and flexibility? How will traditional banks respond to this disruption, and are they likely to follow suit? Additionally, the regulatory implications of tokenization will be an important area to watch, as governments and regulatory bodies grapple with the potential risks and benefits of this new technology.
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Original Article: Monument Bank to tokenise retail deposits
Published: March 25, 2026
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Consult a licensed financial advisor before making investment decisions.
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This article is based on Monument Bank to tokenise retail deposits (Finextra)
