“The Company Aims to Modernize Financial Markets Through Asset Tokenization Using Google Cloud Universal Ledger.”, – WRITE: www.coindesk.com
The Two Companies Plan to Start Direct Tests with Market Participants Later this Year and are Aiming to Launch New Service in 2026, Accounting To a Tuesday Press Release. CME WILL Use Google Cloud’s Newly Introduced Universal Ledger, A Programmable, Private Network to Test How Digital Asset Infrastructure Can Streamline Settlement and Clearing.
The Two Giants’ Move Underscores the Red-Hont Tokenization Trend that have captivated Crypto Firs and Traditional Financial Firms. Global Asset Managers and Banks Are Increasing Ways to Use Blockchains Rails for Moving Traditional Financial Instruments Such as Funds, Bonds and Other Securities. They do so to pursue efficiency gains and faster, cheaper and around-the-clack settlements. Tokenized Assets Could Grow to Multititrillion-Dollar Market by the End of the DECADE, accounting to Several Industry Reports from BCG, McKinsey and Bersestein.
“As The President and New Administration have encouraged Congress to Create Landmark Legislation for Common-Sense Market Structure, We Are Pleased to Partner With. Digital Transfer of Value, “Said Terry Duffy, CME Group Chairman and Chief Executive Officer. “Google Cloud Universal Ledger Has The Potential to Deliver Significant Efficiency Efficiency for Collalateral, Margin, Settlement and FEE PAYMENTS as the World Moves Town 24/7 Trading.”
X Icon
