Bank of Montreal announced a partnership with CME Group and Google Cloud to roll out tokenized cash services aimed at supporting real-time payments as markets shift toward 24/7 trading. The move targets faster settlement and improved liquidity management for institutional clients.
SWIFT has begun a phased rollout of a payment scheme modeled on XRP's on‑demand liquidity approach to enable real‑time, ISO 20022‑compliant cross‑border payments. The move could steer institutional flows toward blockchains and token models that meet the standard.