BMO to Introduce 24/7 Tokenised Cash Platform With CME Group and Google Cloud | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis

BMO, working with CME Group and Google Cloud, announced earlier this week, plans to launch tokenised cash capabilities that allow institutional clients to move value continuously using CME Group’s permissioned network on Google Cloud’s Universal Ledger.

The system is said to be designed to support 24/7 settlement for margin, collateral and trading flows, addressing rising demand for infrastructure suited to continuous global markets. 

The project will also reportedly lay the groundwork for tokenised deposits, expected in the second half of 2026 pending regulatory approval.

Derek Vernon, head of North American treasury and payment solutions at BMO, stated that the collaboration “modernises capital-market efficiency” and “marks significant progress of BMO’s ambition to bring regulated money movement into a modern, programmable environment.”

Suzanne Sprague, chief operating officer and global head of clearing at CME Group, said tokenising cash will enable firms to “meet margin requirements and settlement obligations in real-time, freeing up capital that would otherwise need to wait for traditional banking cycles.”

Google Cloud executive James Tromans commented that the venture shows how its infrastructure “empowers our partners to fundamentally transform their businesses.”

BMO intends to offer tokenised cash to institutional clients later this year, alongside tokenised deposits for broader payments and treasury usage.