Bank of Montreal Partners with CME Group to Launch Tokenized Cash Service, Enabling 24/7 Fund Transfers for Institutional Clients

GateNews

2026-03-24 14:32:02

Gate News: On March 24, BMO Bank of Montreal in Canada announced the launch of tokenized cash and deposit services for institutional clients through CME Group’s online platform, the largest derivatives exchange in the United States. This service allows clients to bypass traditional banking hours and transfer funds continuously around the clock. Derek Vernon, Head of North American Treasury and Payment Solutions at BMO, stated, “Clients will be able to transfer funds anytime the market requires, rather than being limited by bank operating hours.”

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