Here’s the Scoop:
- In a plot twist that would make Wall Street do a double-take, CME Group is buddying up with Google Cloud to play with tokenization toys.
- They’re aiming to jazz up capital market efficiency with Google Cloud’s Universal Ledger, a sort of digital superhighway for assets.
- By 2026, they hope to roll out services that will make settlement and clearing as quick as a Google search. Fingers crossed!
Derivatives trading behemoth CME Group is dipping its toes into the tokenization pond, all in the name of making markets more zippy. And who better to help than the alphabet soup of tech, Google Cloud?
Get ready for some behind-the-scenes testing later this year, with a grand unveiling planned for 2026. CME will be the playground where Google Cloud’s Universal Ledger gets to show off its tricks, potentially revolutionizing how we handle digital assets.
Tokenization is the new black in finance, and everyone’s jumping on the blockchain bandwagon. Banks and asset managers are dreaming of a world where shifting funds and securities is as easy as sending a text message. Industry bigwigs are predicting a tokenized assets market that could make Scrooge McDuck’s vault look like a piggy bank.
“In a move that would make even the most jaded Capitol Hill insider sit up and take notice, we’re teaming up with Google Cloud,” quipped Terry Duffy, CME’s top dog. “Imagine a world where trading never sleeps and fees are as low as a politician’s ethical standards. Google Cloud’s Universal Ledger might just make that dream a reality.”
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2025-03-25 17:01