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Bank of Montreal Launches Tokenized Cash Platform With CME Group and Google Cloud

Bank of Montreal Launches Tokenized Cash Platform With CME Group and Google Cloud

Bank of Montreal officially announced a partnership with CME Group and Google Cloud to launch a 24/7 tokenized cash and deposit platform for instant settlement and collateral transfers on Universal Ledger.

Fact Check
The statement is directly supported by a primary news report from Bloomberg/BNN Bloomberg published on March 24, 2026. The report details the specific partners (CME Group and Google Cloud) and the purpose of the platform (tokenized cash for institutional transfers and margin calls outside banking hours).
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Summary

Bank of Montreal officially announced a partnership with CME Group and Google Cloud to launch a 24/7 tokenized cash and deposit platform. According to the announcement made on the 24th, the system will support instant settlement and collateral transfers on Google Cloud Universal Ledger. The platform expands BMO’s previously outlined tokenized cash initiative by confirming the formal partnership and emphasizing always-on operational support for institutional financial workflows.

Terms & Concepts
  • Tokenized cash: A digital representation of fiat currency on a blockchain or similar digital system, designed to move and settle more efficiently.
  • Collateral: Assets pledged to secure an obligation or reduce counterparty risk in financial transactions.