GOOGLE · 2026-10-26 21:05 UTC

Easy to integrate, compliant by design: Bringing the Swiss Franc to Google Cloud Universal Ledger

Google Cloud Universal Ledger (GCUL) enables banks to issue tokenized deposits with real-time, 24/7 settlement without adopting public stablecoins like USDC or Tether. Switzerland's Crypto Finance Group launched a pilot on GCUL enabling instant account-to-account transfers between two Swiss banks, demonstrating deployment within weeks on a highly regulated framework. Banks prefer GCUL over public stablecoins to avoid regulatory uncertainty, capital requirements, and negative impacts on lending reserves while still offering speed and efficiency benefits.

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