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2h ago

Google Cloud Details Universal Ledger Layer-1 for Finance, Now in Private Testnet

The company positions it as neutral infrastructure for institutional tokenization with Python-based smart contracts.

Google unveils GCUL L1 blockchain: 'Will stab at Ethereum's market share'
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Google Cloud
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Overview

  • Google confirmed the Google Cloud Universal Ledger as a Layer-1 network running on a private testnet, with further technical specifications due in the coming months.
  • CME Group completed phase-one integration and testing on the ledger, with direct participant trials slated for later in 2025 and commercial services targeted for 2026.
  • GCUL supports Python-based smart contracts to make development more accessible for enterprise and finance engineers who do not use Solidity or Rust.
  • The platform is permissioned and enterprise-oriented, offering KYC controls, a single API, and predictable monthly billing rather than variable gas fees.
  • Google frames the ledger as credibly neutral compared with Stripe’s Tempo and Circle’s Arc, focusing on tokenization, native commercial bank money on-chain, and 24/7 settlement.