eicker.crypto 🧠crypto newsBank of Montreal has launched tokenized cash and deposits on CME and Google Cloud's Universal Ledger, enabling 24/7 settlement for margin, collateral and business-to-business payments. The integration gives one of North America's largest banks by assets direct access to round-the-clock digital asset settlement capabilities, marking a significant institutional adoption milestone. https://thedefiant.io/news/tradfi-and-fintech/bmo-tokenized-cash-cme-universal-ledger-dtakgr #Blockchain #Crypto #Tokenization #BMO
BMO launches tokenized cash and deposits on CME's 24/7 settlement network: Bank of Montreal
Bank of Montreal announced it will allow clients to convert dollars into tokenized cash and deposits on CME and Google Cloud's Universal Ledger infrastructure, enabling 24/7 settlement for margin, collateral and business-to-business payments. The move integrates one of North America's largest banks by assets into the CME's continuous settlement rails, expanding institutional access to tokenized financial services beyond traditional trading hours.