BMO, five Canadian banks explore joint CAD tokenized deposit solution

• BMO joined five other Canadian banks to explore a secure Canadian-dollar tokenized deposit solution.
• Initial phase targets efficient transfers of tokenized deposits between Canadian financial institutions.
• Project aims to enable faster, more efficient, programmable payments while maintaining security, stability, and regulatory oversight.
• Longer-term plan includes linking with other emerging digital-asset initiatives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BMO - Bank of Montreal published the original content used to generate this news brief via CNW (Ref. ID: 202609220830CANADANWCANADAPF_C4622) on September 22, 2026, and is solely responsible for the information contained therein.