Montreal Bank Plans to Partner with CME to Offer Institutional Customers Tokenized Cash and Deposit Services

BlockBeats News, March 24th, according to Bloomberg, the Montreal Bank of Canada plans to offer institutional clients tokenized cash services and deposit services, allowing them to more conveniently mobilize funds at any time.

This Canadian bank will roll out the service through the CME Group's network, the largest U.S. derivatives exchange. Derek Fountain, North American Head of Treasury and Payment Solutions at the bank, said in a statement on Tuesday, "Customers will be able to continue moving funds as needed when the market requires, no longer limited to bank business hours."