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cloud.google.com·6d ago
Cloud & Infrastructure
Google Cloud Blog·13h ago·5 min read
Easy to integrate, compliant by design: Bringing the Swiss Franc to Google Cloud Universal Ledger
TL;DR
Google Cloud Universal Ledger (GCUL) enables banks to issue and settle tokenized deposits, facilitating real-time payments while ensuring regulatory compliance. A pilot by Crypto Finance Group demonstrated its potential for rapid deployment in a secure environment.
✦ Why It Matters
Explore Google Cloud Universal Ledger to modernize your bank's payment infrastructure today.
Key Takeaways
- Consider adopting GCUL for efficient payment processing.
- Leverage deferred settlement to improve liquidity management.
- Integrate GCUL with existing banking systems for seamless operations.
- Explore potential for cross-currency settlements using GCUL.
How It Works
GCUL operates as a secure infrastructure for banks to issue tokenized deposits, enabling instant transfers through a shared network. The currency operator, such as Crypto Finance, manages settlement parameters and compliance, allowing banks to choose between instant or deferred settlement options.
This flexibility enhances capital efficiency while maintaining regulatory compliance.