The US derivatives exchanger’s operator CME Group is piloting a solution to tokenization assets using the new distributed ledger designed for existing financial institutions.
CME has integrated GCUL to improve capital market efficiency and wholesale payments, the company announced on March 25.
Terry Duffy, the CME Group Chairman and CEO, said, “As the world moves to 24/7 transactions, it can provide significant efficiency for collateral, margin, consensus and commission payments.
This announcement did not provide detailed information on which assets to be tokenized. CME Group and Google Cloud will start technology testing with market participants in 2026.
source: Cme group
Google Cloud has been expanding into blockchain technology for several years by adding Bitcoin blockchain data to the data warehouse since 2018.
In 2023, Google Cloud added 11 blockchains to the data warehouse. This included Ether Leeum, Arbitration, Eyes and optimism.
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Token shoes become mainstream
The process of tokenization, or converting real and financial assets into digital tokens, has greatly interested in major institutions.
According to a March 24 article published by the World Economic Forum, the integration of traditional finance and blockchains is “becoming a reality.”
YUVAL ROOZ, a co -founder of a company headquartered in New York, said, “We currently have $ 200 million in securities of $ 200 million. Tokenization can greatly expand liquidity and capital efficiency.
The tokenization industry is expected to take off from the United States under President Donald Trump in the United States, and he promised to make the United States a blockchain and encryption capital of the world.
Tokeny, a tokenized securities platform, said that the SEC’s abolition of the Securities and Exchange Commission on SAB 121 said, “It will be the industry’s benefits by providing custody of token securities without unnecessary financial risks.
Except for Stablecoins, the RWA tokenization market is $ 20 billion. source: rwa.xyz
Meanwhile, BLACKROCK CEO Larry Fink has also become a cheerleader in the tokenized securities market. In the CNBC interview in January, Fink urged the SEC to “quickly approve” the tokenization of stocks and bonds.
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