UK digital bank Monument Bank has postponed the launch of its retail tokenized deposits to November due to difficulties in finding a local crypto custodian that meets both FCA regulatory requirements and zero-knowledge proof technology needs. The bank has now turned to a Canada-based custodian approved by the FCA. The project plans to tokenize approximately £250 million in retail deposits on the Midnight blockchain, with deposits fully backed by Monument Bank, redeemable 1:1 in GBP, earning interest, and continuing to be protected under the UK Financial Services Compensation Scheme (FSCS). (CoinDesk) https://(wublock123.com)/news/monument-bank-delays-retail-tokenized-deposits-due-to-custody-issues-68197