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Bank of Montreal teams with Google Cloud and CME to tokenize dollar deposits for institutional 24/7 settlement

Bank of Montreal is partnering with Google Cloud and CME Group to offer tokenized cash and deposits for institutional clients, with a planned H2 2026 launch pending regulatory approval [1][4].

Mar 24, 20265:03 PMNewsroom AI

Bank of Montreal (BMO) announced a tokenized cash and deposit platform built in partnership with Google Cloud and CME Group, marking a major traditional banking commitment to blockchain-based settlement infrastructure [1] [2].

The platform will let clients convert US dollars into tokenized cash and deposits on CME and Google Cloud’s ledger, enabling 24/7 settlement use cases such as margining, collateral and business-to-business payments on CME’s rails [3] [2].

BMO said the service is aimed at global institutional clients and will support tokenized deposits for use with margined products at CME Group, with availability expected in the second half of 2026 subject to regulatory approval [4] [2].

The initiative ties a major Canadian bank to CME’s 24/7 settlement infrastructure and Google Cloud technology, with launch timing contingent on regulatory sign-off [2].

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Citations

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  1. 1
    Canada’s Bank Of Montreal Partners With Google On Tokenized Cash
    CryptoProwl.com• Mar 24, 2026
  2. 2
    Bank of Montreal Launches Tokenized Cash Platform with CME Group and Google Cloud
    NFTenex• Mar 24, 2026
  3. 3
    BMO brings tokenized cash and deposits to CME’s 24/7 settlement rails
    crypto.news• Mar 24, 2026
  4. 4
    BMO Introduces Tokenized Deposits For Global Institutional Clients
    MoneyCheck• Mar 24, 2026

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