JPMorgan and Citi move billions in tokenized deposits, but only among their branches. A U.K. challenger bank is about to do something neither has done. JPMorgan and Citi process trillions of dollars through blockchain systems, but their tokenized payment services remain largely limited to institutional customers and permissioned networks. Monument Bank plans to tokenize up to 250 million pounds of interest-bearing retail deposits on Midnight, using zero-knowledge proofs to protect customer data…
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