Source: Cointelegraph Original: "{title}"
The Chicago Mercantile Exchange Group (CME Group), a U.S. derivatives exchange operator, is testing a tokenized asset solution using Google Cloud Universal Ledger (GCUL), a new distributed ledger designed specifically for traditional financial institutions.
CME Group has begun integrating GCUL to enhance capital market efficiency and wholesale payments, the company announced on March 25.
CME Group Chairman and CEO Terry Duffy stated that GCUL can "provide significant efficiency improvements for collateral, margin, settlement, and fee payments as the world moves towards 24/7 trading."
The announcement did not provide details on which assets will be tokenized. CME Group and Google Cloud will begin testing this technology with market participants in 2026.
Source: CME Group
Google Cloud has been expanding in the blockchain technology space for several years, adding Bitcoin blockchain data to its data warehouse since 2018.
In 2023, Google Cloud added 11 blockchains to its data warehouse, including Ethereum, Arbitrum, Avalanche, and Optimism.
Tokenization—the process of converting real-world and financial assets into digital tokens—has garnered significant attention from major institutions.
An article published by the World Economic Forum on March 24 stated that the integration of traditional finance and blockchain "has now become a reality," and tokenization is becoming a focal point.
Yuval Rooz, co-founder of New York-based Digital Asset, wrote: "Currently, only $25 trillion of securities are available for collateral—out of a potential $230 trillion market, tokenization can significantly expand liquidity and capital efficiency."
The tokenization industry is expected to thrive in the U.S. under President Trump's leadership, as he has pledged to make the U.S. a global hub for blockchain and cryptocurrency.
Tokenization securities platform Tokeny stated that the SEC's repeal of SAB 121 will greatly benefit the industry, "allowing institutions to provide custody solutions for tokenized securities without taking on unnecessary financial risks."
Excluding stablecoins, the real-world asset (RWA) tokenization market is approaching $20 billion. Source: RWA.xyz
Meanwhile, Larry Fink, CEO of BlackRock, has also become a supporter of the tokenized securities market. In a CNBC interview in January, he urged the SEC to "quickly approve" the tokenization of stocks and bonds.
Related: Gate.io Leads the Speed of Listing Coins in the Crypto Market, Innovative Technology Helps Investors Seize Opportunities
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
