The CME Group, a US-based derivative marketplace, and Google Cloud have participated in pilot solutions for safe bulk payments and asset tonnization using Google Cloud Universal Laser (GCUL).
The CM Group has already completed the preliminary integration and testing phase of GCUL, As Companies press release on 25 March.
CME Group will introduce Tokanization technology to increase capital market efficiency using the new universal laser of Google Cloud https://t.co/tuhxqksjc5
– CME Group (@CMEGROP) March 25, 2025
24/7 driving efficiency for trading
CM Group and Google Cloud are collaborated to increase the efficiency of collateral, margin, disposal and fee payment, aligning with 24/7 global trade with industry infections.
Terry Dafi, President of CME Group and CEO said, “We are happy to partner with Google Cloud to enable the innovative solution for low cost, digital transfer of value.”
The partnership takes advantage of the Universal Laser (GCUL) of Google Cloud, a program designed to integrate with traditional financial institutions. Gcul simplifies account and asset management within a safe, private and permitted network.
Rohit Bhat, general manager of financial services at Google Cloud, emphasized the company’s commitment to provide advanced infrastructure, which “enables partners to accelerate innovation and enhance the capacity.”
Bhat also highlighted Token As an important opportunity for streamlining complex financial systems.
Increasing recognition of tokens capacity is evident in market estimates. On-chain tokening market, Currently $ 19.5 billion value Globally, with an increase of 20% in the last 30 days, Expected to reach $ 276 billion By 2034. This outlines industry-wide perception that tokening is an important tendency for the next decade.
The CM Group and Google Claude plans to start testing their tokenification technology with market participants in 2026.
However, the announcement did not specify which property would be token during these tests.
Google expands its appearance in cloud blockchain space
In participation of google cloud Blockchain technology It has increased considerably in recent years.
Start in 2018 with integration of Bitcoin In blockchain data in its data warehouse, the company has consistently expanded its blockchain infrastructure services.
In 2023, Google Cloud further increased its scope 11 Add data to blockchainInvolved EthereumMandatory, avalanche, and optimism, for your data warehouse.
Recently, in September 2024, Google Cloud Launched your blockchain remote procedure call (RPC) serviceThe objective of this initiative is to streamline access to blockchain data, which enhances reliability and speed Decentralized application (dapps)Ethereum will be the first to use this new service.
Post CME Group and Google Cloud Pilot Asset Token Solutions Appeared first Cryptonuse,
