The world has used technology in ways that we don't really think about today.

You order an Uber, you order a car, you don't think about all the things that are happening behind the scenes.

You're simply getting transport.

And we believe that a bank of the future will just connect people to their money really efficiently,

connect people to their assets and opportunities really efficiently, and they don't have to worry about what's happening in the background. background A UK Bank is bringing retail customer deposits onto the Midnight Network, a public blockchain focused on privacy.

Joining us now to discuss the announcement, our Monument Bank founder, Mintu Bandari

and Midnight Foundation President Fami Syed.

Hello to you both.

Good morning.

How are you?

I'm doing well, thanks.

I know that you are in New York, going to make this announcement at Das later on today.

Mintu, let's start with you.

Monument manages about 7 billion pounds in deposits.

Talk to me a little bit about what tokenizing these deposits unlocks for your customers.

So we are a fully authorized licensed Bank of England entity.

So we operate in the UK currently in a community, serving a community that is, we think,

very underserved, people with a decent amount of money, but not so much that they can be in

private banking.

So what we're trying to do is actually democratize access to lots of the services that private

clients have had in the past, and tokenization is going to be one of the key ways to do that.

And so we're the first bank, perhaps even in the world,

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