Financial Giants Team Up
CME and Google Cloud Explore Tokenization
#CME Group, a leading derivatives marketplace for institutions, has announced it is exploring tokenization as a way to improve capital market efficiency, in collaboration with #Google Cloud.
Both companies plan to begin direct testing with market participants later this year and aim to launch new services in 2026.
CME will use Google Cloud's new Universal Ledger to test how digital asset infrastructure can optimize settlement and clearing.
"As the President and the new Administration have urged Congress to create historic legislation for a sound market structure, we are pleased to partner with Google Cloud to facilitate innovative solutions for the low-cost digital transfer of value," said Terry Duffy, President and CEO of CME Group. "Google Cloud Universal Ledger has the potential to deliver significant efficiencies in collateral, margin, settlement, and commission payments as the world moves toward 24/7 trading."