BMO partners with CME Group and Google Cloud on 24/7 tokenised cash offering
The new capabilities make use of Google Cloud Universal Ledger, and are expected to lay the groundwork for broader treasury use cases in the future.
The new capabilities make use of Google Cloud Universal Ledger, and are expected to lay the groundwork for broader treasury use cases in the future.
ABN AMRO Clearing Bank, Nomura and Standard Chartered are also integrated onto the platform; Marex’s addition follows increasing institutional demand for secure, regulated access to digital assets across the industry.
Newly appointed executive previously served as global chief executive of Turquoise at LSEG and held senior roles across BCS Global Markets and ABN AMRO Clearing.
The collaboration is expected to tackle the fragmentation of collateral and risk workflows across digital and traditional infrastructures and provide a unified framework for clients to scale tokenisation strategies.
More institutions are expected to join the venue as live market operations progress; news follows FCA authorisation of BPX in June 2025 to operate a regulated marketplace for traditional and tokenised securities.
European Securities and Markets Authority (ESMA) is wary of tokenisation risks as momentum builds through interoperability, on-chain cash and regulatory frameworks.
The partnership will enable tokenised securities executed on the venues to settle through the distributed ledger-based infrastructure.
As digital asset adoption accelerates, lessons from traditional markets, particularly around trust and interoperability, will be essential if tokenised markets are to scale successfully, said panellists speaking at the FIX EMEA Trading Conference on Thursday.
The move is set to align crypto execution with traditional wholesale markets, in a bid to enhance capital efficiency, risk management and institutional confidence.
New hire has also previously held various senior positions at Cboe Global Markets.