BMO Joins CME-Google Cloud Tokenized Cash Platform, Cuts Lithium Americas Target to $4.50
BMO partners with CME Group and Google Cloud to launch a tokenized cash platform enabling 24/7 real-time US dollar tokenization and settlement, with rollout slated for H2 2026 pending approval. BMO Capital Markets cut its target for Lithium Americas to $4.50, citing 15% CapEx inflation at the Thacker Pass project.
1. Tokenized Cash Platform Collaboration
BMO will become the first bank offering CME Group’s tokenized cash solution on Google Cloud Universal Ledger. The platform enables clients to convert U.S. dollars into tokenized instruments around the clock, facilitating real-time margin calls, collateral movements and settlement. Rollout to regulated firms is planned in H2 2026, subject to approval. The Universal Ledger uses Python-based smart contracts for programmable cash applications.
2. Lithium Americas Price Target Adjustment
BMO Capital Markets lowered its target price for Lithium Americas to $4.50, citing a 15% CapEx inflation increase at the Thacker Pass lithium project. Lithium Americas shares have declined over 16% year-to-date during rising cost pressures, and the revised target reflects higher development expenses and extended project timelines.