$BTC CME Group Teams Up with Google Cloud for Asset Tokenization Pilot

CME Group and Google Cloud are collaborating to test a solution for asset tokenization and wholesale payments, tapping into Google Cloud’s Universal Ledger (GCUL). The pilot focuses on boosting efficiency in collateral, margin, and settlement processes, setting the stage for a wider rollout in 2026.

This move aligns with a growing push for blockchain in traditional finance—GCUL’s private, programmable ledger could streamline 24/7 trading operations. Testing kicks off later in 2025 with market participants, and if it pans out, it might reshape how capital markets handle digital assets.

What do you think—could this bridge TradFi and crypto effectively?