Wire · regulatory
Monument Bank Delays Launch of Tokenized Deposits Due to UK Regulatory Challenges
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Fusion42 · 11 September 2026 · Fusion42 review
Monument Bank, a UK challenger bank, has delayed the launch of its tokenized retail deposit product by several months due to regulatory challenges in finding a UK custodian compliant with FCA standards that supports zero-knowledge proofs. The bank has now partnered with a Canadian FCA-approved custodian and targets a November 2026 launch for tokenized deposits fully backed by Monument and protected under FSCS.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face new hurdles selling tokenized deposits in the UK because compliant crypto custody is scarce. Finding overseas partners who meet FCA rules is now a must to launch regulated digital asset products.
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1 source · 11 Sep 2026
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