Bank of Montreal

TORONTO, March 30, 2026 /CNW/ - University Health Network (UHN) is pleased to announce a $5-million philanthropic gift from BMO to support the construction of a new Surgical Tower at UHN's Toronto Western Hospital and the expansion of PMATCH, an AI-powered precision oncology initiative at UHN's Princess Margaret Cancer Centre.

 "We're proud to support UHN as they lead the way in transforming life-changing care for patients with cancer," said Darryl White, CEO of BMO Financial Group and Campaign Cabinet Co-Chair of the UHN Surgical Tower Campaign. "This investment puts the patient first by fostering a culture of technology innovation, collaboration and empowerment, which are key contributors to the high-quality health care that strengthens our communities."

BMO's gift will play a critical role in advancing cancer treatment at both Princess Margaret Cancer Centre and UHN's new Surgical Tower at Toronto Western Hospital, a first-of-its-kind initiative designed to meet the growing and increasingly complex surgical needs of patients across Ontario and beyond. Purpose-built to drive innovation, the Tower will significantly expand surgical capacity, modernize operating rooms and provide an elevated care journey for patients and their loved ones.

BMO's gift will also support PMATCH, a world-first, AI-powered initiative that uses artificial intelligence to better connect cancer patients with the most suitable clinical trials – first at Princess Margaret Cancer Centre, and ultimately expanding to other participating Canadian hospitals. Using individual clinical and genomic profiles, PMATCH will improve patient screening through automation, streamline trial enrollment and support more efficient and equitable cancer research and care.

"This generous gift from BMO reflects the power of philanthropy to drive both innovation and collaboration across our healthcare system," said Dr. Kevin Smith, President & CEO of University Health Network. "Support for the new Surgical Tower will help UHN meet the growing demand for complex surgical care, while this shared investment alongside The Princess Margaret to advance PMATCH will improve how patients are connected to clinical trials and accelerating discovery for patients across Canada."

Together, these investments reflect a shared commitment to advancing patient-centred care through both state-of-the-art infrastructure and targeted innovation. By supporting the Surgical Tower and PMATCH, BMO's gift will help expand access to care, accelerate discovery and strengthen Canada's health care system for patients today and in the future.

More about UHN Foundation

Part of University Health Network (UHN), Canada's #1 hospital and the world's #1 publicly funded hospital, UHN Foundation raises funds for Toronto General Hospital, Toronto Western Hospital, Toronto Rehab and The Michener Institute of Education. No one ever changed the world on their own: Donor support is critical to upholding the excellence in patient care that UHN is known for and changing the status quo of health care – helping to recruit and train the brightest medical minds from around the world, develop new treatments for disease, complete transformational capital projects, and advance bold medical research. UHNfoundation.ca

More about The Princess Margaret Cancer Foundation

The Princess Margaret Cancer Foundation is Canada's largest cancer charity. We're dedicated to raising funds for Princess Margaret Cancer Centre, one of the world's leading cancer research and treatment centres, known for its breakthrough discoveries that transform patient outcomes. Together, our work benefits cancer patients everywhere in our mission to create a world free from the fear of cancer. Through philanthropy, fundraising events, and our world-leading lottery program, we're changing how the world understands, prevents, diagnoses, and treats cancer, benefitting patients at The Princess Margaret, throughout Canada, and around the world. thepmcf.ca

BMO Gives. Good grows here.

Helping communities thrive by supporting the organizations that sustain them and encouraging employee giving and volunteerism is at the heart of BMO's Purpose, to Boldly Grow the Good in business and life.

In 2025, we directed more than $124 million to drive progress for communities, which included $115.7 million in philanthropic contributions to hundreds of charities and nonprofit organizations across North America.

Our colleagues spent over 65,000+ hours volunteering in the community and contributed more than $40.3 million of donations through employee-driven giving in our annual campaigns.

For more information, please visit BMO Gives.

SOURCE BMO Financial Group

• First bank to offer CME Group's tokenized cash solution on Google Cloud Universal Ledger
• Enhanced digital financial infrastructure modernizes 24/7 institutional settlement, enabling clients to move value continuously for margin, collateral and settlement workflows
• Establishes the groundwork for tokenized deposits that support broader payment and treasury use cases

TORONTO and CHICAGO and SUNNYVALE, Calif., March 24, 2026 /CNW/ - BMO, in collaboration with CME Group and Google Cloud, today announced plans to introduce new 24/7 tokenized cash capabilities that will allow institutional clients to move value more easily and securely using CME Group's permissioned network on Google Cloud Universal Ledger (GCUL).

As a North American leader in payments, BMO is supporting its institutional clients by expanding use-cases for accessing tokenized cash through a bank-anchored, institutional framework that enables BMO clients to convert dollars into a tokenized instrument for use with margined products at CME Group.

As global markets require continuous operations, institutions need infrastructure that can support the 24/7 movement of value for critical functions including margin calls, trading and settlement. CME Group's tokenized cash solution is designed to support high-value, real-time settlement needs for institutional participants.

"We are excited to work with CME Group and Google Cloud to deliver a truly innovative solution that modernizes capital market efficiency as the industry advances toward more continuous trading and settlement, while laying the groundwork for BMO tokenized deposits that support broader real-world payment and treasury use cases," said Derek Vernon, Head, North American Treasury and Payment Solutions, BMO. "As the global ecosystem for stablecoins and tokenized deposits continues to expand rapidly, this capability marks significant progress of BMO's ambition to bring regulated money movement into a modern, programmable environment. Clients will be able to move funds continuously when markets demand it, not when banking hours allow it – reducing funding gaps and operational friction."    

"With the world moving toward 24/7 trading, CME Group is focused on providing the efficiencies our clients need to manage collateral and margin costs," said Suzanne Sprague, Chief Operating Officer and Global Head of Clearing, CME Group. "Working with BMO and Google Cloud to tokenize cash at CME Clearing will allow firms to meet margin requirements and settlement obligations in real-time, freeing up capital that would otherwise need to wait for traditional banking cycles."

"Our collaboration with CME Group and BMO demonstrates how Google Cloud's innovative infrastructure solves the complex challenges in finance and empowers our partners to fundamentally transform their businesses," said James Tromans, Managing Director, Web3 and Digital Assets, Google Cloud. "By providing an enterprise-ready, easy-to-integrate foundation through Google Cloud Universal Ledger, we are enabling BMO and CME Group to offer unparalleled capital efficiency and are helping to significantly reduce operational friction for global markets."

Key features of the new capabilities include:

• Tokenized cash: Available to mutual clients of CME Group and BMO, the bank plans to offer an institutional settlement instrument to regulated financial services firms operating in capital markets and the commercial banking space in the second half of 2026, pending regulatory approval.
• Tokenized deposits: This will allow BMO to offer traditional commercial bank funds in digital form, made available to a broader set of BMO clients to enable general-purpose B2B payments, treasury movements, and programmable cash applications.
• Always-on movement of value: BMO clients will be able to convert U.S. dollars into tokenized deposits and tokenized cash 24/7, allowing the bank to meet global market needs such as extended trading hours, more continuous operations and moving collateral without traditional cutoff constraints.   

The collaboration with BMO builds upon the CME Group and Google Cloud's March 2025 announcement to pilot solutions for secure wholesale payments and tokenization of assets using GCUL.

GCUL is an innovative, programmable, distributed ledger designed to be easy for financial institutions in traditional finance to integrate and use. It simplifies the management of accounts and assets, and facilitates transfers on a private and permissioned network. This collaborative platform empowers participants to leverage their core capabilities and launch services for their clients that meet evolving demands and enhance their overall experiences.

About BMO Financial Group

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2026. Serving clients for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to approximately 13 million clients across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities.

About CME Group

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.

About Google Cloud

Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bmo-introduces-tokenized-cash-and-deposit-platform-with-cme-group-and-google-cloud-302723324.html

SOURCE BMO Financial Group