BMO joins landmark bank-led initiative to advance digital money infrastructure

As markets continue to move toward 24/7 operations, our clients need banking infrastructure that can keep up. BMO is proud to join an initiative led by The Clearing House to support the next evolution of money movement, connecting on‑chain activity with traditional payment rails to enable the clearing and settlement of tokenized deposits at scale.

In partnership with leading U.S. banks, BMO is contributing to a bank‑led approach to digital payments that brings together the programmability of digital money with the trust, settlement certainty and balance sheet strength of commercial bank deposits.

For clients, this initiative is about giving money the ability to move at the speed of their business. As operations become more continuous and interconnected, organizations need greater flexibility in how they manage cash across institutions, markets and time zones.

By helping enable tokenized deposits to be cleared and settled across a shared network of banks – while remaining within the regulated banking system – this work supports faster fund movement, more efficient liquidity management and stronger alignment between payment flows and underlying business activity.

“This initiative is an important step in building a bank-led foundation for digital money movement. At BMO, our approach is use-case led and focused on developing tokenized deposit capabilities that solve real client needs. This initiative extends those capabilities into a shared clearing and settlement network, with the potential to enable seamless, real-time movement of tokenized deposits across institutions while supporting a more integrated, always-on financial ecosystem anchored by regulated banks.” 

- Darrel Hackett, U.S. Chief Executive Officer, BMO Financial Group

This work builds on BMO’s broader leadership in digital money innovation, including our tokenized cash and deposit platform developed with CME Group and Google Cloud. Together, these efforts reflect a continued focus on practical solutions that help clients operate more efficiently as financial activity becomes increasingly digital and time sensitive.

As the payments landscape continues to evolve, BMO is helping lay the groundwork for more connected treasury and payment operations, positioning clients to move with greater speed, clarity and control as their needs continue to change.

The information above is provided for general informational purposes only and does not represent a current product or service. Any BMO offerings would be subject to applicable laws and explicit client consent.