BMO is an early adopter of Google Cloud’s Universal Ledger, a private blockchain for the financial sector. BMO plans to use the blockchain to issue tokenized versions of cash and bank deposits that will let clients settle trades, margin calls and collateral around the clock.
Tokenizing assets is aimed at streamlining the settlement process for trades, margin calls, and collateral, delivering faster liquidity and enhanced operational resilience. The initiative leverages Google Cloud’s privacy controls and scalable infrastructure to support continuous settlement. This move signals a broader push toward real-time settlement and interoperable ledgers across financial services, aligning with ongoing digitization efforts and cross-institution compatibility.
Leave a Reply