Google Cloud Unveils Universal Ledger: A Neutral Layer-1 Blockchain for Financial Institutions
Google Cloud’s Universal Ledger (GCUL) is a new Layer-1 blockchain designed as a neutral infrastructure for financial institutions, focusing on payments, settlements, and digital assets. The platform supports Python-based smart contracts and is currently in private testnet, with built-in compliance features like KYC and AML. A partnership with CME Group is piloting tokenization and wholesale payments, targeting efficiencies...