CME Group and Google Cloud Collaborate on Asset Tokenization
- CME Group partners with Google Cloud for asset tokenization.
- Successful completion of the first phase of Google Cloud Universal Ledger (GCUL) integration.
- GCUL aims to enhance collateral management, margin requirements, settlements, and payment efficiency.
- Market testing is scheduled for 2025, with new service launches in 2026.
- Terry Duffy, CEO of CME Group, highlights GCUL’s potential to improve financial transactions.
CME Group and Google Cloud have successfully completed the initial phase of integrating the Google Cloud Universal Ledger (GCUL), aiming to enhance financial transaction efficiency. Market testing will begin in 2025, followed by service launches in 2026.
Source (2.6)https://hodl.press/cme-group-and-google-cloud-test-asset-tokenization/?rand=24434
