• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
CME Group and Google Cloud Streamline Financial Operations with New Tokenization

CME Group and Google Cloud Streamline Financial Operations with New Tokenization

user avatar

by Giorgi Kostiuk

a year ago

The two companies are testing solutions for more secure, efficient, and cost-effective digital value transfers.

Partnership to Simplify Financial Operations

The first phase of integration and testing of Google Cloud’s Universal Ledger (GCUL) and tokenization has been completed. Terry Duffy, Chairman and CEO of CME Group, expressed optimism about the partnership, noting that GCUL could significantly streamline operations.

We are pleased to partner with Google Cloud to enable innovative solutions for low-cost, digital transfer of value.Terry Duffy

Google Cloud Universal Ledger

Google Cloud’s Universal Ledger is a novel distributed ledger designed to simplify asset and account management. The system opens doors for financial services to launch innovative offerings for their clients.

Future of Asset Tokenization

The U.S. SEC’s Crypto Task Force will hold additional roundtables on crypto asset regulation to provide a platform for experts to discuss regulatory challenges.

The roundtables aim to foster discussions on regulatory issues and explore potential solutions.Commissioner Hester Peirce

The partnership between CME Group and Google Cloud marks an important step toward advancing digital financial infrastructure, opening new opportunities for regulatory and technological progress.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Crypto Firms Shift to Chainlink After Chaos Labs Hacking Attempt

chest

Several crypto firms are migrating to Chainlink's oracle infrastructure following a hacking attempt on Chaos Labs.

user avatarLeo van der Veen

SEC Chair Paul Atkins Calls for Enhanced Regulatory Guidance for Onchain Markets

chest

SEC Chair Paul Atkins emphasizes the need for clearer regulatory frameworks for onchain trading systems and related activities.

user avatarLi Weicheng

Bitcoin Faces Resistance After Recent Upsurge

chest

Bitcoin's recent recovery has hit a significant obstacle, leading to a drop below 80,000.

user avatarTenzin Dorje

Market Dynamics Behind Bitcoin's Decline Analyzed

chest

XWIN Research Japan analyzes the internal factors behind Bitcoin's recent decline, attributing it to leverage positioning and profit-taking, rather than external macroeconomic influences.

user avatarAisha Farooq

Ethereum Spot ETFs Face Notable Withdrawals.

chest

US Ethereum spot ETFs experienced significant capital outflows, with over $103 million exiting the funds, leading to a weekly netflow drop to just $66 million.

user avatarMohamed Farouk

Bitcoin Price Drops Below $80,000 as Spot ETF Outflows Increase

chest

Bitcoin's price has fallen below $80,000 as significant capital exits from US spot ETFs.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.