Google Cloud strategy head has used LinkedIn to share new details about the company Blockchain Layer-1, and The Google Cloud Universal Ledger (GCUL).
Rich Widman Described Blockchain as a result of “Google’s search and development years”, designed to be neutral and compatible with Bethon’s smart contracts.
According to Widmann, GCUL aims to serve as an open infrastructure for financial institutions. He said: “Tether Blockchain will not use Circle – and perhaps Adyen Blockchain will not use from Stripe,” which indicates that the Google network stated that its neutrality can help in expanding adoption.
The tape and the circle are also betting on Blockchains Layer-1. Recently Sagittarius unveiledAn open network that has been improved to finance Stablecoin, while Stripe is developing a pace for the ghost project in partnership with Crypto Venture Paricm.
According to the graphic fee of Widmann, while Stripe tends on its 1.4 trillion dollar payments network, Circle focuses on Arc on USDC, Google Universal Ledger will be a Blockchain “planet” with billions of users and bank category functions.
Google Cloud expects to publish more technical details about Blockchain “in the coming months.”
Google Cloud has been expanded to Blockchain technology at least 2018, when Bitcoin’s data added to the large query warehouse and then ETHEREUM extended support And more than ten other networks.
The payment accelerated in 2022 with the launch of a Custom web3 sectionWhich has already led partnerships with companies such as companies Coinbaseand ribbed and Solana.
Related to: How to use Google Gemini to trading the most intelligent encryption
Google Cloud Ledger Universal is tested with CME
The Chicago Mercantile Exchange (CME) is currently running with Google Cloud To test the international professor’s book For paid and payments.
Cooperation was revealed in March, when companies announced a pilot to test the distinctive asset settlement systems and wholesale payment systems – although the specified assets are not disclosed, and the experiences of the participants in the full market are scheduled to start in 2026.
At that time, the Chairman and CEO of CME Terry Duffy said that the international professor’s book “can” provide great qualifications for guarantee, margin, settlement and payments fees as the world moves towards trading around the clock throughout the week. ”
By securing a pilot with CMEThat recorded record revenues of $ 1.7 billion in Q2 2025 on the average daily folders of 30.2 million contracts, Google targets the basic plumbing of global finance.
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The last update of Google about L1 comes amid a wider wave of technology and technology companies that develop their Blockchains.
The plasma, an emerging company with the support of investors associated with control, was announced in February to build a The layer that focuses on the settlement of the United States of America After collecting $ 24 million.
In June, Robinhood US stocks and traded investment funds were launched For its European customers. The distinctive symbols are currently released on the expression, but the company plans to deport it to the Blockchain layer in the future in the future.
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