CME Group and Google Cloud announced that they are piloting solutions for wholesale payments and tokenization of assets.

“The GCUL has the potential to deliver significant efficiencies for collateral, margin, settlement, and fee payments -- as the world moves toward 24/7 trading,” said CME Group's Chairman, Terry Duffy.

CME Group and Google Cloud are focused on facilitating “significant efficiencies” as the industry hones in on round-the-clock ...

CME Group and Google Cloud are enhancing capital market efficiency through tokenization, but critics warn of centralization risks.