Google Cloud Universal Ledger (GCUL) is a new first-layer blockchain platform developed by Google for enterprises, especially in the financial sector. It is designed to support payments and capital market infrastructure and offers access through a single API as a cloud service. Unlike many public blockchains, GCUL is initially a permissioned network where only verified organizations participate, with mandatory KYC checks and stable fees.
GCUL allows tokenization of assets (converting traditional financial instruments into digital form) and provides instant and irreversible asset exchange through atomic settlement, significantly reducing settlement risk. The platform focuses on high security, scalability, and ease of integration for companies.
The main use cases for GCUL are efficient management of digital assets and organizing wholesale payments with round-the-clock settlement, as demonstrated by pilot projects with major players like the global derivatives exchange CME Group. Commercial launch is expected in 2026.
Key features of GCUL:
- First-layer blockchain for enterprises
- Permissioned network with participant verification
- Asset and digital money tokenization
- Instant and irreversible payments and settlements
- Google Cloud security and scalability
- Developer friendly with Python smart contract support