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BMO Introduces Tokenized Cash and Deposit Platform with CME Group and Google Cloud
BMO Introduces Tokenized Cash and Deposit Platform with CME Group and Google Cloud Canada...
About this update from Bank Of Montreal
[{"type":"text","content":"BMO Introduces Tokenized Cash and Deposit Platform with CME Group and Google Cloud\n\n\nBMO Introduces Tokenized Cash and Deposit Platform with CME Group and Google Cloud\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nFirst bank to offer CME Group's tokenized cash solution on Google Cloud Universal Ledger Enhanced digital financial infrastructure modernizes 24/7 institutional settlement, enabling clients to move value continuously for margin, collateral and settlement workflows Establishes the groundwork for tokenized deposits that support broader payment and treasury use casesTORONTO and CHICAGO and SUNNYVALE, Calif., March 24, 2026 /CNW/ - BMO, in collaboration with CME Group and Google Cloud, today announced plans to introduce new 24/7 tokenized cash capabilities that will allow institutional clients to move value more easily and securely using CME Group's permissioned network on Google Cloud Universal Ledger (GCUL).\n\n\n\n\n\n\n\nAs a North American leader in payments, BMO is supporting its institutional clients by expanding use-cases for accessing tokenized cash through a bank-anchored, institutional framework that enables BMO clients to convert dollars into a tokenized instrument for use with margined products at CME Group.As global markets require continuous operations, institutions need infrastructure that can support the 24/7 movement of value for critical functions including margin calls, trading and settlement. CME Group's tokenized cash solution is designed to support high-value, real-time settlement needs for institutional participants.\"We are excited to work with CME Group and Google Cloud to deliver a truly innovative solution that modernizes capital market efficiency as the industry advances toward more continuous trading and settlement, while laying the groundwork for BMO tokenized deposits that support broader real-world payment and treasury use cases,\" said Derek Vernon, Head, North American Treasury and Payment Solutions, BMO. \"As the global ecosystem for stablecoins and tokenized deposits continues to expand rapidly, this ca...