BMO Capital Markets has successfully completed a trial transaction on its blockchain - based fixed income issuance platform . The transaction with Ontario Teachers ' equity Plan mirrored an offer of a five - year Bank of Montreal loan with a face value of 800 crore ( $ 190 m ) aiming to demonstrate how the technology could be used to cut costs in fixed income transactions .
BMO Capital Markets has successfully completed a trial transaction on its blockchain-based fixed income issuance platform. The transaction with Ontario Teachers' Pension Plan mirrored an issue of a one-year Bank of Montreal FRN with a face value of CAD250m ($190m) aiming to demonstrate how the technology could be used to cut costs in fixed income markets.