BMO and OTPP Test Blockchain Canadian Dollar Debt Deal

Posted on 08/17/2018


The Bank of Montreal (BMO) and the Ontario Teachers’ Pension Plan (OTPP) participated in a landmark blockchain Canadian-dollar debt transaction. BMO sold C$ 250 million of 1-year floating rate deposit notes to OTPP and used blockchain technology to mirror the transaction. The BMO Capital Markets unit developed a settlement system using blockchain technology. The prototype […]