TechFlow news: On March 24, Bloomberg reported that the Bank of Montreal (BMO) announced the launch of tokenized cash and deposit services for institutional clients via the network operated by CME Group, the largest derivatives exchange in the United States. This service enables clients to transfer funds around the clock, breaking free from traditional banking hours. Derek Vernon, Head of North American Treasury and Payment Solutions at BMO, stated, “Clients will be able to move funds whenever the market demands—rather than being constrained by bank operating hours.”
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