Google Cloud launches L1 blockchain GCUL
Google Cloud has announced information about its L1 blockchain, Google Cloud Universal Ledger (GCUL), and opened a waitlist. GCUL uses Python smart contracts to provide on-chain currency, capital market and payment functions for finance. It is currently in the private testnet stage and is planned to be open to billions of Google users and hundreds of institutional partners. Partnered with the Chicago Mercantile Exchange (CME) on a tokenized asset pilot.