Google Cloud has introduced its blockchain platform GCUL, aimed at simplifying the movement of commercial bank funds using distributed ledger technology.
What is GCUL?
GCUL is currently in private testnet and has undergone early piloting with CME Group to explore tokenized asset settlement.
Infrastructure, Not Reinvention
Google Cloud representatives emphasize that GCUL is not about creating new forms of money, but about modernizing financial infrastructure. The company stated: "The path to a global, 24/7, multi-currency, and programmable payments system isn’t about reinventing money, but about reimagining the infrastructure."
Bridging Traditional Finance and Web3
The launch of GCUL underscores the growing role of Big Tech in the convergence of traditional finance and blockchain. By focusing on interoperability, regulatory alignment, and commercial bank money, GCUL positions itself as a tool for institutions seeking blockchain efficiency without compromising compliance.
While the project is still in its testnet phase, Google Cloud’s move highlights the increasing momentum behind tokenization and enterprise blockchain solutions.
