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Bank of Montreal Collaborates With CME, Google Cloud to Offer Tokenized Cash, Deposit Platform
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Bank of Montreal Collaborates With CME, Google Cloud to Offer Tokenized Cash, Deposit Platform
Mar 24, 2026 7:23 AM

09:44 AM EDT, 03/24/2026 (MT Newswires) -- Bank of Montreal ( NRGD ) said Tuesday that it plans to introduce 24/7 tokenized cash and deposit capabilities in collaboration with CME Group ( CME ) and Alphabet's (GOOG, GOOGL) Google Cloud.

The tokenized cash and deposit platform will allow institutional clients to convert dollars into a tokenized instrument using CME's permissioned network on Google Cloud Universal Ledger, Bank of Montreal ( NRGD ) said.

Tokenized cash will be available to mutual clients of CME and Bank of Montreal ( NRGD ) operating in capital markets and the commercial banking space in H2, pending regulatory approval, the bank said.

Price: 135.72, Change: -1.45, Percent Change: -1.06

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