CME Group, one of the major derivatives marketplaces, has announced a collaboration with Google Cloud to explore the use of tokenization technology in traditional finance. The initiative involves the deployment of Google Cloud’s Universal Ledger (GCUL), a programmable distributed ledger designed to enhance efficiency in asset management and transaction processing.
Additionally, the companies have completed the first phase of testing and will begin pilot programs with market participants later in 2025 and launch operational services in 2026.
CME Group to Pilot Asset Tokenization with Google Cloud’s New Ledger Tool
According to a recent press release, CME Group has completed initial testing of Google Cloud’s Universal Ledger. The platform is built as a private and permissioned network that enables the digital transfer of value. It supports the tokenization of financial assets, which can streamline post-trade processes.
CME Group plans to begin direct testing with investors in th
We współpracy z: https://coingape.com/cme-group-taps-google-cloud-for-asset-tokenization-heres-all/
