Cardano founder: privacy chain Midnight reshaping finance as UK bank tokenization could add billions in TVL

Cardano founder Charles Hoskinson said privacy-focused systems such as Midnight are changing how finance operates, commenting—with subtle humor—on ongoing discussions around stablecoins, banking and blockchain privacy ^[1].

Hoskinson described Midnight’s new partnership with Monument Bank as one of the largest deals to date and wrote it 'could bring hundreds of millions to billions' in total value locked (TVL) to the Midnight ecosystem; media reports add that a UK bank plans to tokenize roughly £250 million in retail deposits on Cardano’s Midnight blockchain ^{[2] [3]}.

Multiple outlets also covered the broader commercial significance of the agreement between Cardano-linked projects and a British bank, framing it as a notable crypto–bank collaboration for privacy-focused infrastructure ^[4].

Hoskinson’s comments and the reported Monument Bank tokenization together signal a potential commercial application for privacy-oriented blockchains like Midnight, with reports estimating material TVL impact if the deal proceeds as described ^{[1] [2] [3]}.