Tokenizing £250M in retail deposits isn’t about “putting money on-chain.”
It’s about proving deposits exist without exposing users.
That’s the hard part most systems can’t handle.
Too transparent → breaks privacy.
Too opaque → breaks regulatory trust.
@MidnightNetwork fits exactly in that gap.
Balances don’t need to be public.
But proofs of reserves, conditions, and compliance can still be verified.
That changes the implication completely:
Banks don’t have to choose between privacy and auditability anymore.
They can operate on-chain without leaking users or blocking regulators.
If this works, tokenization moves from assets…
to actual banking infrastructure.
#night #MidnightNetwork @MidnightNetwork
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