CME Group is partnering with Google Cloud to explore tokenization using Google Cloud's Universal Ledger to enhance capital market efficiency. This collaboration aims to test digital asset infrastructure for more streamlined settlement and clearing processes, with services expected to be introduced in 2026. The initiative aligns with a broader trend of traditional financial firms leveraging blockchain technology to enable faster and cost-efficient settlements around the clock. CME Group plans to launch direct tests with market participants later this year. This shift underscores the increasing interest of global asset managers and banks in using blockchain for transferring traditional financial instruments. According to industry reports, tokenized assets could potentially reach a multitrillion-dollar market by the decade's end. CME Group's CEO Terry Duffy highlighted the partnership's potential to deliver significant efficiencies in collateral, margin, settlement, and fee payments, especially as the industry moves toward 24/7 trading.

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