CME Group to pilot tokenization technology for capital market efficiency
The new solutions will be piloted through the Google Cloud Universal Ledger Technology (GCUL).
US derivatives exchange operator CME Group is piloting solutions for tokenized assets using Google Cloud Universal Ledger (GCUL), a new distributed ledger that was designed for traditional financial institutions.
According to a March 25 announcement, CME has already begun integrating GCUL to improve capital market efficiency and wholesale payments.
CME Group chairman and CEO Terry Duffy said GCUL could “deliver significant efficiencies for collateral, margin, settlement and fee payments as the world moves toward 24/7 trading.”
