CME Group Taps Google Cloud For Asset Tokenization, Here’s All

Ronny Mugendi
March 25, 2025 Updated June 26, 2025
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Highlights

  • CME Group completed initial testing of Google Cloud's Universal Ledger for asset tokenization.
  • New services using GCUL will begin market participant testing in late 2025 and launch in 2026.
  • Tokenization aims to boost efficiency in collateral, margin, settlement, and 24/7 trading.

CME Group, one of the major derivatives marketplaces, has announced a collaboration with Google Cloud to explore the use of tokenization technology in traditional finance. The initiative involves the deployment of Google Cloud’s Universal Ledger (GCUL), a programmable distributed ledger designed to enhance efficiency in asset management and transaction processing. 

Additionally, the companies have completed the first phase of testing and will begin pilot programs with market participants later in 2025 and launch operational services in 2026.

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CME Group to Pilot Asset Tokenization with Google Cloud’s New Ledger Tool

According to a recent press release, CME Group has completed initial testing of Google Cloud’s Universal Ledger. The platform is built as a private and permissioned network that enables the digital transfer of value. It supports the tokenization of financial assets, which can streamline post-trade processes.

CME Group plans to begin direct testing with investors in the second half of 2025. These pilot tests will evaluate how GCUL can manage wholesale payments, clearing, margin, and collateral processes. Based on feedback and system performance during the pilot phase, the firm plans to introduce full-scale services in 2026.

Notably, asset tokenization has been on the rise, transforming traditional financial instruments into blockchain-based digital assets. Most recently, Chainlink’s partnership with Abu Dhabi’s ADGM marks a step in establishing compliant frameworks that bridge real-world assets with decentralized infrastructure. 

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GCUL Designed for Traditional Financial Institutions

GCUL is a programmable distributed ledger developed to be compatible with existing systems in traditional finance. More so, financial institutions can simplify account and asset management using a customizable structure provided by the platform. The ledger operates in a secure, permissioned environment that gives organizations control over network access.

CME Group will use GCUL to explore low-cost and efficient alternatives to current settlement frameworks. The collaboration will support the shift toward 24/7 trading, reducing operational gaps caused by limited settlement windows. Tokenized solutions could help firms automate complex financial processes and reduce reliance on intermediaries.

Rohit Bhat, General Manager, Financial Services, Google Cloud said,  

“Partnering with CME Group to innovate with GCUL exemplifies this commitment, demonstrating how Google Cloud helps partners transform their businesses through strategic collaborations and modern infrastructure, unlocking significant opportunities for the global financial market.”

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Strategic Alignment with Regulatory Momentum

CME Group noted that the current U.S. administration is supporting legislative developments to modernize the financial market infrastructure. The company is committed to new regulatory expectations for transparency, efficiency, and security.

By working with Google Cloud, CME Group is taking steps to build a scalable and compliant platform for future services. The timing of the pilot coincides with discussions in Washington on digital financial innovation and infrastructure reform. This collaboration positions CME Group to respond to evolving industry standards.

Meanwhile, the launch of Solana futures on CME Group has fueled optimism among market participants, suggesting a potential shift in SOL price momentum.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.