BMO Partners with CME and Google Cloud to Launch 24/7 Tokenized Cash Capabilities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 24 2026
0mins
Should l Buy BMO?
BMO (BMO), in collaboration with CME Group (CME) and Google Cloud (GOOG, GOOGL), announced plans to introduce new 24/7 tokenized cash capabilities that will allow institutional clients to move value more easily and securely using CME Group's permissioned network on Google Cloud Universal Ledger. BMO is supporting its institutional clients by expanding use-cases for accessing tokenized cash through a bank-anchored, institutional framework that enables BMO clients to convert dollars into a tokenized instrument for use with margined products at CME Group. Key features of the new capabilities include: Tokenized cash: Available to mutual clients of CME Group and BMO, the bank plans to offer an institutional settlement instrument to regulated financial services firms operating in capital markets and the commercial banking space in the second half of 2026, pending regulatory approval. Tokenized deposits: This will allow BMO to offer traditional commercial bank funds in digital form, made available to a broader set of BMO clients to enable general-purpose B2B payments, treasury movements, and programmable cash applications. Always-on movement of value: BMO clients will be able to convert U.S. dollars into tokenized deposits and tokenized cash 24/7, allowing the bank to meet global market needs such as extended trading hours, more continuous operations and moving collateral without traditional cutoff constraints.
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Analyst Views on BMO
Wall Street analysts forecast BMO stock price to rise
10 Analyst Rating
2 Buy
8 Hold
0 Sell
Hold
Current: 131.560
Low
128.13
Averages
133.97
High
144.69
Current: 131.560
Low
128.13
Averages
133.97
High
144.69
About BMO
Bank of Montreal (the Bank) is a North American bank. The Bank provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services. The Bank serves about 13 million customers across North America, and in select markets globally, through three integrated operating groups: Personal and Commercial Banking (P&C), BMO Wealth Management and BMO Capital Markets. The P&C operating group represents the sum of its two retail and commercial operating segments, Canadian Personal and Commercial Banking (Canadian P&C) and U.S. Personal and Commercial Banking (U.S. P&C). BMO Wealth Management serves a full range of clients, from individuals and families to business owners and institutions, offering a wide spectrum of wealth, asset management and insurance products and services. BMO Capital Markets offers a comprehensive range of products and services to corporate, institutional and government clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Partnership with CME Group and Google Cloud: The initiative aims to enhance financial transactions by leveraging advanced technology and cloud services provided by Google.
See More
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- Decreased Transaction Volume: The low market activity resulted in a significant drop in real estate transaction volumes, impacting economic activity in related sectors and potentially leading to reduced revenues for construction and related services.
- Policy Implications: The government may need to reassess existing housing policies to stimulate market demand and avoid prolonged market stagnation, ensuring stable economic growth.
- Investor Caution: In the current market environment, investor interest in real estate has waned, potentially leading to capital outflows that could affect future development projects and market recovery.
See More
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- California Expansion: Bank of Montreal plans to open 130 new financial centers in California, which will increase its footprint in the state by over 50%, significantly enhancing its competitive position in the California market.
- Arizona Growth: The bank will add 15 financial centers in Arizona over the next five years, primarily focusing on the Phoenix and Tucson markets to meet local customer demands and enhance service capabilities.
- Emphasis on Client Interaction: The new financial centers will provide clients with opportunities for face-to-face interactions with bank teams to discuss personal and business financial goals, thereby building trust and receiving personalized guidance.
- Strategic Optimization: This expansion complements BMO's plan to sell 138 U.S. branches, aiming to optimize its U.S. presence and improve overall operational efficiency.
See More
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- Supporting Green Initiatives: The bond proceeds will support clients' green initiatives in critical areas such as food, agriculture, and renewable energy, further advancing the achievement of sustainable development goals.
- Framework Compliance: BMO's Green Bond Framework aligns with the International Capital Market Association's Green Bond Principles, ensuring transparency and compliance in fund usage, while receiving a second-party opinion from Moody's to enhance investor confidence.
- Annual Reporting Commitment: BMO commits to publicly reporting on the use of bond proceeds within one year of issuance and annually thereafter in its Sustainable Bonds Impact Report, ensuring accountability and transparency to investors.
See More
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- Application Period: Applications for the program will open from April 2 to April 23, 2026, with grant recipients to be announced in the summer of 2026, expected to provide crucial financial support and resources for women entrepreneurs.
- Support Network: Each grant recipient will be paired with a BMO for Women Advocate and gain access to tailored resources, including educational events and organizational memberships, designed to accelerate business growth and enhance market competitiveness for women-owned enterprises.
- Ten-Year Summit: All 2026 grant recipients will be invited to attend the BMO Celebrating Women Grant Summit in downtown Toronto in the fall, aimed at fostering community and meaningful connections within the ecosystem of women-owned businesses while commemorating the ten-year anniversary of BMO for Women.
See More
