The two companies are testing solutions for more secure, efficient, and cost-effective digital value transfers.
The first phase of integration and testing of Google Cloud’s Universal Ledger (GCUL) and tokenization has been completed.
CME Group and Google Cloud Partner to Simplify Financial Operations
Terry Duffy, Chairman and CEO of CME Group, expressed optimism about the partnership, noting, “As the President and new Administration have encouraged Congress to create landmark legislation for common-sense market structure, we are pleased to partner with Google Cloud to enable innovative solutions for low-cost, digital transfer of value.” He emphasized that GCUL could significantly streamline operations such as collateral, margin, settlement, and fee payments. Especially as the financial world moves toward 24/7 trading.
Google Cloud’s Universal Ledger is a novel distributed ledger designed to simplify asset and account management. Making it easier for financial institutions to integrate into their systems. GCUL’s secure, private, and permissioned network allows for seamless transfers. This benefits not just the companies involved but the broader financial ecosystem. The system also opens doors for financial services to launch innovative offerings for their clients.
CME Group Will Introduce Tokenization Technology to Enhance Capital Market Efficiency Using Google Cloud’s New Universal Ledger https://t.co/TuHxQKSjc5
— CME Group (@CMEGroup) March 25, 2025
Rohit Bhat, General Manager of Financial Services at Google Cloud, explained the core mission of the partnership: “Our goal is to provide our partners with the most advanced infrastructure, empowering them to innovate, drive efficiencies, and overcome the complexities inherent in today’s financial systems.” He highlighted that the collaboration with CME Group is a prime example of how Google Cloud can help businesses transform their operations through modern infrastructure, creating valuable opportunities in the global financial market.
More About Asset Tokenization
The U.S. SEC’s Crypto Task Force announced that it will hold four additional roundtables on crypto asset regulation from April to June. These roundtables will cover topics such as tokenization and decentralized finance, providing a platform for experts to discuss regulatory challenges.
NEW: The SEC Crypto Task Force just announced they will host four more crypto roundtables.
These meetings will be held on April 11th, April 25th, May 12th and June 6th. pic.twitter.com/4sqTnDaJqF
— Cointelegraph (@Cointelegraph) March 26, 2025
Commissioner Hester Peirce, who leads the task force, emphasized that the roundtables aim to foster discussions on regulatory issues and explore potential solutions the Commission can implement.
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