"Announced back in March, GCUL is a permissioned layer-1 blockchain tailored for institutional finance, promising seamless integration with Google's vast cloud ecosystem. Some pundits are calling GCUL an "XRP killer," suggesting it could replace Ripple's native token, XRP ( CRYPTO:XRP) . Because GCUL's permissioned model dodges volatility while delivering enterprise-grade scalability, it offers a "credibly neutral" stance - it has no ties to specific tokens or vendors - that should appeal to risk-averse banks wary of XRP regulatory baggage from past SEC battles."
"Google Cloud Universal Ledger enables Python-based smart contracts, automates compliance like KYC checks, and supports real-time asset tokenization and settlements - think tokenized bonds or 24/7 trading without legacy system delays like SWIFT. Diving deeper, GCUL stands out for its laser focus on institutional needs. Unlike public blockchains, it's permissioned, meaning only vetted participants join - ideal for banks handling sensitive data. It leverages Google's infrastructure for ironclad security and uptime, automating workflows that plague traditional finance."
GCUL is a permissioned layer-1 blockchain built for institutional finance with direct integration into Google's cloud infrastructure and enterprise tooling. The platform supports Python-based smart contracts, automates compliance such as KYC, and enables real-time tokenization and settlements to reduce reliance on legacy rails like SWIFT. GCUL's permissioned design limits participants to vetted entities, emphasizing security, uptime, and regulatory alignment attractive to banks. Partnerships and pilots with market infrastructure firms aim to validate wholesale payment and tokenized asset use cases. Public ledgers retain advantages in decentralization and existing adoption, suggesting continued relevance for assets like XRP.
Read at 24/7 Wall St.
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