Bank of Montreal (BMO) investor relations material

Treasury and payment capabilities

• Unified North American product and digital platforms are embedded across B2B businesses, with simple bundled solutions and self-serve SME onboarding.

• Treasury offerings span Canada and the U.S., including API connectivity, virtual accounts and cards, customizable digital banking and cross-border integration.

• Shared platforms support client scaling across borders and are positioned to generate stable core operating deposits and recurring fee revenue.

• A “build once, leverage across” approach is intended to maximize investment returns across businesses.

Tokenization use cases

• Tokenization is relevant where existing approaches do not efficiently address treasury or settlement needs, including fragmented liquidity and constrained movement across accounts, currencies or jurisdictions.

• Tokenized deposits remain commercial bank deposits represented on digital infrastructure; stablecoins are fiat-backed digital tokens, while tokenized assets digitally represent funds, securities, treasury instruments or collateral.

• Target outcomes include rule-based, more continuous liquidity movement; coordinated cash, collateral and asset transfers; and integrated treasury access through channels and APIs.

• Existing rails remain in use where effective; tokenization is targeted where programmability, continuous availability or synchronized settlement adds value.

Infrastructure participation

• Selective initiatives span a Canadian bank-led tokenized deposit network, a Canada-U.S. network with The Clearing House, and Project Agora for multi-jurisdiction deposits and central bank reserves.

• A CME Group and Google Cloud initiative connects institutional tokenized cash with margin and settlement activity, building practical experience in integration, controls, operations, reconciliation and liquidity.

• Participation prioritizes client or institutional needs, interoperability and common standards, strategic value relative to cost and risk, and reusable capabilities.

• The initiatives aim to extend regulated bank money across North America and into global multi-currency settlement, building reach, interoperability and strategic optionality.