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CME Group Partners with Google Cloud to Explore On-chain Tokenization

  • Derivatives marketplace CME Group partners with Google Cloud to explore on-chain tokenization and wholesale payments solutions.
  • The partnership will leverage Google Cloud's distributed ledger technology, GCUL, to enable secure financial transactions.
  • The collaboration aims to improve processes related to collateral, margin, settlement, and fee payments in the financial sector.
  • CME Group and Google Cloud plan to commence direct testing with market participants later this year and introduce new services by 2026.

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