CME Group and Google Cloud today announced that they are piloting solutions for seamless and secure wholesale payments and tokenization of assets.
CME Group has successfully completed the first phase of integration and testing of Google Cloud Universal Ledger (GCUL), a novel distributed ledger from Google Cloud.
“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,” said Terry Duffy, CME Group Chairman and Chief Executive Officer. “Google Cloud Universal Ledger has the potential to deliver significant efficiencies for collateral, margin, settlement and fee payments as the world moves toward 24/7 trading.”
“Our core mission is to provide our partners with the most advanced infrastructure, empowering…
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