CME Group and Google Cloud are partnering to explore tokenization, the process of converting real-world assets into digital tokens on a blockchain.
CME Group is the world's largest derivatives marketplace and was the first regulated exchange to offer Bitcoin futures.
The partnership aims to create a more efficient and streamlined financial infrastructure, with real-time settlement and enhanced transparency.
The collaboration between CME Group and Google Cloud could lead to increased institutional adoption of blockchain-based financial products and bridge the gap between traditional finance and decentralized finance (DeFi).