{"id":41984,"date":"2026-05-12T14:23:07","date_gmt":"2026-05-12T14:23:07","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/41984\/"},"modified":"2026-05-12T14:23:07","modified_gmt":"2026-05-12T14:23:07","slug":"bank-of-montreal-creates-new-role-overseeing-digital-assets-and-tokenization","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/41984\/","title":{"rendered":"Bank of Montreal creates new role overseeing digital assets and tokenization"},"content":{"rendered":"<p class=\"c-article-body__text text-pr-5\">Bank of Montreal <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/BMO-T\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/BMO-T\/\">BMO-T<\/a> has created a new role overseeing digital assets and tokenization as Ottawa and lenders race to figure out how to adopt the quickly evolving technology. <\/p>\n<p class=\"c-article-body__text text-pr-5\">BMO has hired Imran Ibrahim \u2013 formerly head of cross-border payment products and new initiatives at Canadian Imperial Bank of Commerce \u2013 as the bank\u2019s first head of digital assets and tokenization. <\/p>\n<p class=\"c-article-body__text text-pr-5\">Mr. Ibrahim will lead the bank\u2019s digital assets and tokenization strategy, with a focus on advancing how the technology can be applied to bank deposits. <\/p>\n<p class=\"c-article-body__text text-pr-5\">Banks and fintechs have been navigating ways to adopt digital tokens, such as stablecoin, as consumers and businesses increasingly use the new type currency to make real-time, lower cost payments and transfers. While the value of digital tokens can be volatile, stablecoin is pegged to a fiat currency, such as the U.S. dollar, to maintain a stable value. <\/p>\n<p class=\"c-article-body__text text-pr-5\">However, central banks and regulators have warned that digital tokens come with risks linked to potential money laundering and financial stability concerns. <\/p>\n<p class=\"c-article-body__text text-pr-5\">In March, BMO said it <a href=\"https:\/\/www.theglobeandmail.com\/business\/article-bmo-to-launch-tokenized-cash-platform-with-cme-and-google-cloud\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/business\/article-bmo-to-launch-tokenized-cash-platform-with-cme-and-google-cloud\/\">plans to offer<\/a> tokenized cash capabilities and deposits to institutional clients through the network of CME Group Inc., the largest derivatives exchange in the U.S. <\/p>\n<p class=\"c-article-body__text text-pr-5\">Some U.S. banks have already blazed ahead. JPMorgan Chase &amp; Co. and Citigroup Inc. are developing competing systems for new payments infrastructure. In November, JPMorgan \u2013 the world\u2019s largest bank \u2013 started offering a deposit token called JPM Coin to institutional clients. <\/p>\n<p class=\"c-article-body__text text-pr-5\">In Canada, fintech Wealthsimple Financial Corp. and Visa Canada have <a href=\"https:\/\/www.theglobeandmail.com\/business\/article-wealthsimple-visa-pilot-us-stablecoin-payments-settlement\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/business\/article-wealthsimple-visa-pilot-us-stablecoin-payments-settlement\/\">tested using stablecoin<\/a> to settle payments as Ottawa works on launching its own regulatory regime for the digital currency. <\/p>\n","protected":false},"excerpt":{"rendered":"Bank of Montreal BMO-T has created a new role overseeing digital assets and tokenization as Ottawa and lenders&hellip;\n","protected":false},"author":2,"featured_media":41985,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[50,7753],"class_list":{"0":"post-41984","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-montreal","8":"tag-montreal","9":"tag-streetwise"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/41984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=41984"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/41984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/41985"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=41984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=41984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=41984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}