The US Derivatives Exchange Operator CME Group pilot solutions for tokenized assets using the Google Cloud Universal Ledger (GCUL), a newly shared ledger designed for traditional financial institutions.
According to a March 25 announcement, CME has begun the integration of GCUL to improve the efficiency of the capital market and wholesale payments.
CME Group and CEO chairman Terry Duffy said GCUL can “deliver significant efficiency for collateral, margin, regulating and fee as the world is moving towards 24/7 trading.”
The announcement did not provide specific details about which properties are old. The CME Group and Google Cloud will begin to test technology to market participants in 2026.
Source: CME GROUP
Prior to the announcement of March 25, there were no details about GCUL. However, the Google Cloud has expanded to blockchain technology for many years, beginning in 2018 by increasing bitcoin blockchain data to its data warehouse.
In 2023, Google Cloud has added 11 blockchain In its data warehouse. They include Ethereum, arbitrum, avalanche and optimism.
Related: Google Boss expects to spend $ 75B on AI this year
Tokenization goes to the mainstream
Tokenization – or the process of converting real-world and financial properties In digital tokens – have developed significant interest from major institutions.
A March 24th article It has been published by the World Economic Forum that says the integration of traditional finances in the blockchain is “now becoming a reality” and tokenization is taking place on stage.
“With just $ 25 trillion of security that is currently eligible for collateral use-from a $ 230 trillion potential-the tokenization can significantly expand the liquidity and efficiency of the capital,” wrote Yuval Rooz, the co-founder of the New York-based company Digital Asset.
The tokenization industry is expected to leave the United States under President Donald Trump, who has promised to make America Blockchain and Crypto Capital of the world.
Tokenized securities platform tokeny Says The Securities and Exchange Commission’s (SEC) Termination of Sab 121 will be a boon for the industry by “enabling institutions to provide caution solutions for tokenized securities without the necessary financial risk.
Excluding Stablecoins, the RWA tokenization market approaches $ 20 billion. Source: Rwa.xyz
Meanwhile, meanwhile Blackrock CEO Larry Fink has also been a cheerleader for the tokenized securities market. In a January CNBC interview, Fink urged the SEC to “quickly approve” the tokenization of stocks and bonds.
Related: Tokenized Real Estate Trading Platform launches Polygon
