BMO to Launch Tokenized Cash Platform

Bank of Montreal (BMO) plans to introduce tokenized cash capabilities, partnering with CME Group and Google Cloud to address the increasing need for real-time payments and 24/7 trading operations. This new platform will allow clients to transform U.S. dollars into tokenized assets for use in margined products and derivatives trading on the CME exchange. The move is designed to support clients requiring continuous infrastructure for margin calls and settlement as global markets increasingly operate around the clock.