CME Group and Google Cloud Start pilot project for the tokenization of assets with Google Clouds Universal Ledger
CME Group and Google Cloud Start pilot project for the tokenization of assets with Google Clouds Universal Ledger
partnership between CME Group and Google Cloud: Pilot project to the tokenization of assets
The CME Group and Google Cloud have recently announced a partnership to develop solutions for the tokenization of assets. As part of this pilot project, the Universal Ledger technology (GCUL) is used by Google Cloud.
The tokenization of assets makes it possible to convert real assets into digital tokens based on blockchain technology. These developments could have a significant impact on the financial markets by enabling transactions more efficiently and facilitating access to different asset classes.
With the support of Google Cloud, the CME Group will be able to research innovative approaches to the management and tokenization of assets. The use of the Universal Ledger technology creates a safe and transparent environment in which transactions can be carried out in a comprehensible and trustworthy manner.The cooperation between CME Group and Google Cloud symbolizes an important step in the further development of financial technology and shows how more traditional financial institutions can integrate modern technological solutions into their business models.
In the coming months, the results of this pilot project will offer decisive insights into the future possibilities of digital asset woken toilet and could pave the way for further developments in blockchain technology.