CME Group has partnered with Google Cloud for experimental initiatives aimed at enhancing the efficiency of the capital market through the distinctive symbol. Cooperation seeks to take advantage of Google Cloud Universal Ledger (GCUL).
However, critics argue that technology is a transformation towards centralization in an industry that has traditionally prioritized decentralization.
CME and Google Cloud’s Tokezation Pilot: A new era or a central crisis?
For the context, the Google Cloud GCUL is the book of the distributor designed for smooth integration by financial institutions. This statute simplifies account management and asset management while enabling safe transportation operations on a private and permission network.
According to the press statement, cooperation seeks to enhance the efficiency of wholesale payments and asset symbol by using GCUL. Terry Duffy, CEO of CME group, praised the partnership as a reaction to the changing requirements of global markets.
“Google Cloud Universal Ledger has the ability to provide a great efficiency of guarantee, margin, settlement and fees as the world moves towards trading around the clock throughout the week,” Duffy He said.
The team ended the stage of integration and the initial test of GCUL. They will take direct tests with the market participants later this year. Finally, services are scheduled to be launched for 2026.
However, this step sparked controversy within the cryptocurrency community. Critics argue that GCUL, as the Central Professor and Traffic Book, contradicts the decentralized spirit that supports Blockchain technology.
“It is not an upward development,” a user books On x.
Cooperation has also sparked a broader discussion on the role of the audience versus the Blockchains of the asset code. Defi analyst framing the case as a “battle between public networks, decentralization and private chains.
This indicates that central solutions such as GCUL can undermine the principles of transparency and comprehensiveness from the general Blockchains.
“Not an upward. Google Cloud Universal Ledger (GCUL) appears to be a private and serial network,” to publish.
Meanwhile, another analyst pointed to the practical challenges associated with the use of general Blockchains.
“I am honestly not sure whether the public chains are competitive in this field,” Claim.
The analyst explained that the CME group or similar institutions require high -frequency settlements with a semi -fixed final. It also needs a space for manual intervention when necessary.
This need of accurate control of institutions often divides the Blockchain contract into specialized roles such as clearing, settlement, compliance and monitoring. The analyst has argued that general Blockchains do not support this level of control.
He also highlighted that the distinctive assets need liquidity limits to avoid risks such as money laundering and speculation. Without the appropriate controls, distinguished assets may experience these problems if they are circulated on decentralized exchanges.
“I spoke to a few people of traditional financing, and frankly, many of them say that Dexs are not differently from black markets,” the analyst added.
Thus, he pointed out that the concerns related to the organization and the ability to expand and security make it a difficult proposal for traditional financial institutions to adopt the symbol of real assets directly on General Blockchain.
Disintegration
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