Google Cloud’s Head of Web3 strategy used a LinkedIn post to share new details about the company’s blockchain in blockchain, Google Cloud Universal Ledger (GCUL).
Rich Widmann described Blockchain as a result of “Years of F&U at Google”, designed to be credible neutral and compatible with python-based smart contracts.
According to Widmann, GCUL is intended to act as an open infrastructure layer for financial institutions. “Tether does not use Circle’s blockchain – and Adyen probably won’t use Stripe’s blockchain,” he said, hinting that Google’s network reported that neutrality could help extend the adoption.
Stripe and circle also bet on LAG-1 blockchains. Circle recently revealed ARC, an open network optimized for StableCecoin Finance, while Stripe is developing a Stealth Project Code-Named Tempo in Partnership with Crypto Venture Firm Paradigm.
According to a diagram shared by Widmann, while Stripe leans on its $ 1.4 trillion Payment Network and Circle is centered ARC at USDC, Google Universal Ledger will be a “planets scale” blockchain with billions of users and bank-rate functionality.
Google Cloud expects to publish more technical details of blockchain “in the coming months,” Widmann said.
Google Cloud has expanded to blockchain technology since at least 2018 when it added Bitcoin data to its major query stock and later extended support to Ethereum and more than a dozen other networks.
Push accelerated in 2022 with the launch of a dedicated web3 division, which has since led partnerships with companies such as Coinbase, Polygon and Solana.
Related: How to use Google Gemini for Smarter Crypto Trading
Google Cloud Tests Universal Ledger with CME
The Chicago Mercantile Exchange (CME) group is currently working with Google Cloud to test the universal headbox of tokenization and payments.
The collaboration was revealed in March when companies announced a pilot to test tokenized asset run and wholesale payment systems – although the specific assets were not revealed and the full market participant attempts are set to begin in 2026.
At the time, CME chairman and CEO Terry Duffy said the universal ledger could “deliver significant efficiency for security, margin, settlement and fee payments as the world moves around the clock.”
By securing a pilot with CME that published record revenue of $ 1.7 billion in the 2nd quarter of 2025 in average daily quantities of 30.2 million contracts, Google targets the central plumbing for global financing.
https://www.youtube.com/watch?v=4n4pznl8syw
The latest update from Google about its L1 is in the midst of a wider wave of tech and fintech companies that develop their own blockchains.
Plasma, a start-up supported by Tether-connected investors, announced in February plans to build a settlement-focused LAG-1 to USDT after gathering $ 24 million.
In June, Robinhood launched tokenized US stocks and ETFs to its European customers. Tokensene is currently being issued at Arbitum, but the company plans to migrate them to its own original layer -2 blockchain in the future.
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