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## CME Organization and Google Electronic computer Launch Trial run for Round-the-clock Digital Trading in Wealth Markets
CME Organization is partnering with Google Electronic computer to pilot an plus digital project intended at boosting the effectiveness of wealth marketplace operations.
They’ve already completed initial combination and testing of Google Electronic computer’s Common Ledger (GCUL), a distributed ledger specifically created for traditional monetary institutions.
GCUL is a programmable distributed ledger tailored for finance, streamlining accounting and plus management while facilitating safe transfers on private, allowed networks. Consider of it as a super-efficient, safe way to handle assets in the digital world.
## Digital Transformation
Digital turns plus rights into digital tokens on a blockchain or distributed ledger. This pertains to all sorts of assets—stocks, bonds, commodities—making trading faster and more secure.
A distributed ledger is a digital system for recording transactions, with each participant possessing a synchronized copy, enhancing transparency and security. It’s like everyone possessing the same ledger book, so nothing gets misplaced or changed without everyone knowing.
This tech aims to simplify collateral management, margin calculations, settlements, and fee payments, helping the monetary industry shift to a continuous, round-the-clock trading model. Envision trading stocks around the clock, just like crypto!
CME Organization and Google Electronic computer plan to start direct testing with marketplace participants in the second half of this year, aiming to launch new services by 2026.
This move reflects a broader trend of traditional monetary institutions exploring blockchain tech to boost effectiveness and cut costs. It’s all about bringing the old world of finance SEC Concludes Probe into Immutable, No Enforcement Action to Be Taken the new digital age.
