- CME Group, a major derivatives marketplace, is collaborating with Google Cloud to implement tokenization technology, aiming to streamline capital market processes like collateral management and settlements by 2026.
- Google Cloud's Universal Ledger, a distributed ledger technology (DLT), will enable 24/7 trading with improved efficiency, building on a prior partnership where Google invested $1 billion in CME Group in 2021.
- This move reflects a growing trend of traditional finance adopting blockchain solutions, with Hedera's DLT network—also tied to Google Cloud since 2020—potentially benefiting from this shift.
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