US EditionCharles Hoskinson Pushes Midnight as Cardano’s Next Phase Amid Institutional Deal
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Charles Hoskinson Pushes Midnight as Cardano’s Next Phase Amid Institutional Deal
Key Takeaways Midnight is gaining traction following a £250 million tokenization deal with UK-based Monument Bank. Hoskinson highlights deflationary tokenomics and “capacity exchange” as key innovations. Cardano remains structurally integrated with Midnight, not replaced by it. Investor sentiment is mixed, with debate over ADA vs NIGHT positioning. Technical indicators show consolidation for both NIGHT and ADA. The renewed interest follows a la…
Monument Bank, a UK-regulated entity, plans to tokenize up to GBP £250 million in retail deposits on Midnight, the privacy-focused network linked to the Cardano ecosystem. The initiative aims to bring real banking products to the blockchain without requiring end users to have crypto expertise, at a time of intense market attention on the Knight token and ahead of the imminent rollout of the federated mainnet.
More and more banks are paying close attention to tokenization, in particular in order to apply its advantages to the management of their customers' deposits. An initiative that the British Monument Bank has just formalized, becoming the first in the UK to carry out this operation in partnership with the Midnight blockchain, for an estimated £250 million. The article Monument becomes the first bank in the UK to tokenize its customers' deposits o…
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