CME Group’s Partnership with Google Cloud Faces Criticism Over Centralization Concerns

CME Group has partnered with Google Cloud to pilot initiatives aimed at enhancing capital market efficiency through tokenization. The collaboration seeks to leverage Google Cloud Universal Ledger (GCUL). However, critics argue that the technology represents a shift toward centralization in an industry that has traditionally prioritized decentralization. CME and Google Cloud’s Tokenization Pilot: A New Era or Centralization Crisis? For context, Google Cloud’s GCUL is a distributed ledger built for seamless integration by financial institutions source: https://beincrypto.com/tokenization-cme-group-google-cloud/