Google Confirms Plans for GCUL Layer-1 Blockchain Project for Financial Institutions
Google Cloud has unveiled the Google Cloud Universal Ledger (GCUL), a new Layer-1 blockchain designed for financial institutions. The platform will support asset tokenisation, cross-border settlements, and Python-based smart contracts, offering a neutral foundation for banks, exchanges, and payment firms. Backed by Google Cloud’s scale, GCUL aims to compete with firms like Circle and Stripe in building institutional-grade blockchain infrastructure.
