CME Group and Google Cloud have announced a partnership to explore asset tokenization, testing new solutions with a planned rollout in 2026.
Tokenization and its Significance
CME Group has completed initial tests with Google Cloud Universal Ledger, a new distributed ledger from Google Cloud, intended to accelerate settlement and clearing.
The Potential of the Tokenized Asset Market
The market for tokenized assets could reach a multi-trillion-dollar size by the end of the decade, driven by blockchain's efficiency in transferring financial objects and speeding up settlements.
Solving Liquidity Issues via Tokenization
Tokenization breaks down barriers to asset access, enabling quick exchanges on blockchain networks and creating new capital flows through DeFi protocols.
The collaboration between CME Group and Google Cloud could significantly impact the global banking system, changing asset management and boosting liquidity.
