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Blockchain · Digital Assets · Institutional Finance · Tokenized Cash
Bank of Montreal (BMO), in collaboration with CME Group and Google Cloud, announced plans to introduce new 24/7 tokenized cash and deposit capabilities, enabling institutional clients to convert U.S. dollars into digital instruments for easier, more secure value movement and broader B2B applications.
The platform leverages CME Group’s permissioned network on Google Cloud Universal Ledger. BMO will offer an institutional settlement instrument, "tokenized cash," to regulated financial services firms operating in capital markets and commercial banking, targeting a launch in the second half of 2026, pending regulatory approval.
Additionally, "tokenized deposits" will provide traditional commercial bank funds in digital form for a wider range of BMO clients, facilitating general-purpose B2B payments, treasury movements, and programmable cash applications. This initiative ensures always-on movement of value, allowing 24/7 conversion of U.S. dollars into tokenized deposits and cash, addressing global market demands for extended trading hours and continuous collateral operations without traditional cutoff constraints, as reported by TheFly.
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