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

CycleProphet · 2026-03-24T14:26:22+00:00

TechFlow News – On March 24, according to Bloomberg, Bank of Montreal (BMO) announced the launch of tokenized cash and deposit services for institutional clients through the network of CME Group, the largest derivatives exchange in the United States. The service allows clients to overcome traditional banking hours restrictions and achieve 24/7 continuous fund transfers. Derek Vernon, Head of North American Treasury and Payments Solutions at Bank of Montreal, stated, "Clients will be able to transfer funds whenever the market demands, rather than being constrained by banking hours."

CycleProphet

2026-03-24 14:26:22

Deep Tide TechFlow News, March 24 — According to Bloomberg, Bank of Montreal (BMO) in Canada announced the launch of tokenized cash and deposit services for institutional clients through the CME Group’s online platform, the largest derivatives exchange in the United States. This service allows clients to break through traditional banking hours and transfer funds 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 needs, rather than being limited by bank operating hours.”

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